Oracle cutting thousands in latest layoff round, continues to ramp AI spending(cnbc.com)
cnbc.com
Oracle cutting thousands in latest layoff round, continues to ramp AI spending
https://www.cnbc.com/2026/03/31/oracle-layoffs-ai-spending.html
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Financial engineering dressed up as AI strategy. Oracle is laying off the people who keep the database business running to fund GPU commitments underwritten largely by a single unprofitable customer that's actively building its own silicon. The stock loves it — until OpenAI renegotiates or insources.