Oracle Cuts Cloud Division Jobs Amid Surge in AI Spending (1)

Oracle Corp. is cutting jobs in its closely watched cloud unit, the latest company taking steps to control costs amid heavy spending on AI infrastructure.

Impacted workers were told this week that their roles were eliminated, according to people familiar with the matter. Some of the reductions were related to performance issues, and the unit continues to hire, two of the people said.

More than 150 jobs were cut in the Seattle area, which is traditionally the unit’s hub, according to two people familiar with the figures. Oracle said last year it was moving its headquarters to Nashville, and the ...