Oracle plans fresh layoffs this month ahead of Q2 start on September 1

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Oracle is preparing another significant round of job cuts this month, with some teams facing double-digit percentage reductions. Managers have already been asked to identify employees who will be affected by the cuts. The company aims to reduce its payroll before its second fiscal quarter begins on September 1. Oracle has already cut around 21,000 jobs over the past year, bringing its total workforce down to approximately 141,000 employees. The layoffs are driven by the need to fund a debt-heavy AI data centre expansion that consumed $23.7 billion in cash during the last fiscal year.

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