Aiming for a trillion-dollar AI gamble, "Tencent Funds" is reported to have launched a new round of layoffs at Oracle (ORCL.US): some teams may see a reduction rate of up to double digits.

According to internal documents and several informed sources, Oracle (ORCL.US) is formulating a new round of layoffs to reduce employee costs. The layoff ratio for some teams could reach double-digit percentages, and the company has requested managers to submit a list of affected employees, with the goal of completing the cost-cutting measures before the start of the second fiscal quarter on September 1.