March 31 (Reuters) - Cloud computing firm Oracle is laying off thousands of employees, CNBC reported on Tuesday, citing two ...

Oracle has not confirmed how many employees are affected. But investment bank TD Cowen estimates the cuts could total between ...

The cuts come as the software giant invests billions of dollars in expanding its artificial intelligence infrastructure.

Oracle has ratcheted up its capital expenditures as it builds data center infrastructure that can handle AI workloads.

Oracle began laying off up to 30,000 employees globally, notifying them via a 6 a.m. email from "Oracle Leadership" with no prior warning from HR or managers.

On March 31, thousands of Oracle employees received the dreaded layoff email as the company turns its focus toward artificial ...