Oracle has drawn up plans for a new round of layoffs this month, sources say

Oracle cofounder and chairman Larry Ellison. Justin Sullivan/Getty Images Oracle has drawn up plans for job cuts this month, according to insiders and a document. The company has been racking up billions in debt to fund its AI infrastructure buildout. The cuts could reach double-digit percentages on some teams. Oracle has drawn up plans for a new round of job cuts to reduce payroll as it racks up billions in debt to fund AI infrastructure, according to people familiar with the plans and an…