March 5 (Reuters) - Enterprise software company Oracle is planning thousands of job cuts as it faces a cash crunch from a massive AI data center expansion effort, Bloomberg News reported on Thursday.

Oracle plans thousands of layoffs as it ramps AI data center spending and targets $45–$50B for cloud capacity.

Shares of Oracle (ORCL) rose about 4% on Wednesday after Oppenheimer upgraded the stock to Outperform from Perform.

Oracle loses executives health division as several senior leaders depart its health records unit following the Cerner acquisition.

At HIMSS26, it will showcase how artificial intelligence is enhancing its EHR, reimbursement agents, cloud applications and more. The company "continues to focus on removing friction," says General ...