Wall Street backs the narrative of “mass layoffs for AI computing power!” Bullish on Oracle (ORCL.US) redirecting cash flow to make big bets on data centers.

This round of layoffs occurs against the macro backdrop of tech giants such as Oracle, Microsoft, and Google significantly increasing their investments in AI infrastructure. This multinational technology group is seeking to cut thousands of jobs to free up more capital for building large-scale artificial intelligence data center infrastructure. According to reports citing sources familiar with the matter, the tech giant has already informed its vast workforce of 162,000 employees that the new round of layoffs will affect tens of thousands of staff members.