Oracle has kicked off a new phase of layoffs, with certain teams witnessing double-digit percentage decreases in their workforce, signaling yet another round of job cuts within the company this year. Since the onset of the 2026 fiscal year, Oracle has already let go of 21,000 employees. In a bid to propel its artificial intelligence data center construction initiatives forward, Oracle has earmarked an additional $700 million for its restructuring endeavors, anticipating that the scope of layoffs will broaden further. This is partly attributed to the integration of AI technologies into specific roles. In the meantime, co-founder Larry Ellison has scrapped his plans to offload 50 million Oracle shares. Oracle is aggressively expanding its AI data center infrastructure, with capital expenditures soaring to a staggering $28.5 billion in the first quarter of the 2027 fiscal year. The company also envisions securing around $40 billion in financing this fiscal year, bringing its total debt to $125 billion. Despite Oracle's robust performance in the first quarter of the 2027 fiscal year, marked by increases in both revenue and net profit, investor apprehensions regarding the costs associated with its AI expansion and its conventional software business have triggered a downturn in its stock price. So far this year, Oracle's stock price has witnessed a cumulative decline of approximately 25%. By the close of U.S. stocks on September 14, the stock price had settled at $144.72, reflecting a 3.7% drop.