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Oracle plans fresh August layoffs as its AI spending spree bites

Oracle is planning another round of job cuts this month, according to Business Insider, with some teams reportedly facing double-digit-percentage reductions. Managers have been told to identify the employees affected, and the goal is to trim payroll before 1 September, the start of the companys fiscal second quarter. Oracle declined to comment. It is the [] This story continues at The Next Web

13 Aug 2026 4:06 pm