Oracle Begins New Layoffs Amid Expanding AI Restructuring Costs

Oracle has started another round of job cuts.

Affected workers were told by email that their jobs were ending immediately.

The email said eligible employees could receive severance pay after signing termination documents.

The reported package included four weeks of regular pay plus one extra week for each year worked.

Workers were asked to provide personal email addresses for future instructions.

Their access to computers, email, files, and voicemail would soon be turned off.

Oracle says the cuts are part of a larger organizational change.

At the same time, the company is spending heavily to build data centers for artificial-intelligence services.

This spending has contributed to negative cash flow and a larger restructuring budget.