TD Cowen: Oracle may lay off 30,000 people to ensure data center expansion plans.

TD Cowen, an investment bank under TD Securities, pointed out that as market views on Oracle's large-scale expansion plans have changed, Oracle may lay off as many as 30,000 people and sell its medical technology division Cerner to alleviate challenges in financing its artificial intelligence data center. Earlier, Oracle signed an agreement with OpenAI to build a $300 billion data center. In September last year, Oracle issued $18 billion in bonds, but it is estimated that Oracle will need to borrow $25 billion annually to fund its expansion.