Oracle’s stock sinks 57% as the company cuts 30,000 jobs to fund a $10 billion AI push, raising concerns about cash flow, ...

Oracle started laying off employees on Tuesday to drive down costs to support its artificial intelligence infrastructure ...

Severance includes 4 weeks base salary plus 1 week per year of employment.

Oracle has ratcheted up its capital expenditures as it builds data center infrastructure that can handle AI workloads.