Oracle plans to cut more jobs this month, with reductions on some teams reaching double-digit percentages, Business Insider has reported, citing people familiar with the plans and an internal document. The company wants payroll lowered before its second fiscal quarter opens on September 1, and managers have been told to compile lists of affected employees. A new round would extend a year of deep cuts at the company, which shed 21,000 full-time positions, or 13% of its workforce, in the fiscal year that ended May 31 while borrowing $43 billion to fund AI data center construction.
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