Oracle is planning another round of layoffs as it racks up debt to fund its AI buildout

Cuts could reach double-digit percentages on some teams, with Oracle aiming to reduce payroll before September 1

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. Oracl