March 31 (Reuters) - Cloud computing firm Oracle is laying off thousands of employees, CNBC reported on Tuesday, citing two ...

The cuts come as the software giant invests billions of dollars in expanding its artificial intelligence infrastructure.

Oracle has ratcheted up its capital expenditures as it builds data center infrastructure that can handle AI workloads.

Despite soaring profits, Oracle is eliminating tens of thousands of roles to redirect billions into its AI ambitions.

Oracle began laying off up to 30,000 employees globally, notifying them via a 6 a.m. email from "Oracle Leadership" with no prior warning from HR or managers.