Investment Bank Suggests Oracle Job Cuts, Cerner Sale to Fund AI Buildout
Investment bank TD Cowen suggested Oracle Corporation may need to reduce its headcount by up to 30,000 employees and divest its Cerner health unit to secure financing for its substantial AI data center expansion. These measures address growing investor concern regarding the capital requirements for its multi-year commitment to support major AI contracts, including the $300 billion deal with OpenAI.
La Era
