Oracle (NYSE:ORCL) has had a brutal run since its moment in the AI spotlight. But Jefferies analyst Brent Thill isn’t running away from it. He just reiterated his Buy rating on the stock, and while he trimmed his price target,

Oracle plans to cut thousands of jobs across multiple divisions as it works to manage costs tied to its AI data center buildout. The company is reportedly reallocating spending toward large cloud infrastructure projects for clients such as OpenAI and Meta.

March 6 (Reuters) - Oracle and OpenAI have abandoned plans to expand a flagship artificial intelligence data center in Texas after negotiations dragged over financing and OpenAI's changing needs, Bloomberg News reported on Friday,

The shifting plans underscore the complexity of building out AI data centers, which are expected to cost tens of billions.

Reports of layoffs at Oracle suggest that thousands will be let go this month to free up resources for its AI data center expansion plans.

Oracle is preparing broad job cuts as it tries to contain the cost of a major AI data center push. The company is also launching new AI software, which shows a

Oracle Database 26ai embeds AI capabilities directly into production databases, enabling enterprises to deploy AI securely without moving data to external platforms.

Oracle Corporation plans mass layoffs affecting thousands of employees to address a cash crunch linked to its AI data center investments. Details here.