Oracle adds another 700 million USD in layoff costs due to AI data center cash pressure, total restructuring cost rises to about 2.8 billion USD

The funding pressure Oracle faces mainly comes from the huge investment needed to build large AI data centers for customers such as OpenAI. Earlier news said that to save cash, Oracle planned to cut thousands of positions earlier this year; 'Business Insider' reported last month that the company is planning a new round of layoffs.