Oracle cutting thousands in latest layoff round as company continues to ramp AI spending (opens in new tab)

<p>Oracle has started telling employees that it’s cutting thousands of jobs, CNBC has confirmed, as the software maker deals with a plummeting stock price tied to hefty capital commitments for building out AI infrastructure. While Oracle’s core business is on the receiving end of market panic about competitive risk from generative artificial intelligence models, the [&#8230;]</p> <p>The post <a href=" cutting thousands in latest layoff round as company continues to ramp AI spending</a> appear...