On September 14, Business Insider disclosed that Oracle (ORCL.N) embarked on a fresh round of layoffs on Monday. Sources privy to the situation indicated that this strategic move is intended to curtail salary expenditures, as the company is currently saddled with billions of dollars in debt incurred to finance the construction of artificial intelligence infrastructure. Internal documentation unveils that certain teams are confronting double-digit percentage layoffs. Recent filings submitted by Oracle reveal that the company's workforce has shrunk by 21,000 employees, equating to a 13% decrease, during the 2026 fiscal year, which concluded on May 31. Oracle has confirmed that it had roughly 141,000 employees prior to this latest round of layoffs. In a bid to construct data centers, Oracle has amassed tens of billions of dollars in debt, placing a significant bet on the anticipated surge in demand for artificial intelligence. The company reported that its capital expenditures soared to $28.5 billion in the first quarter, a substantial increase from the $8.5 billion recorded during the same period the previous year. Furthermore, Oracle has upheld its capital expenditure forecast for the 2027 fiscal year, projecting it to fall between $90 billion and $95 billion.