Oracle Plans Fresh Layoffs as AI Spending Piles up Billions in Debt: Report
Managers have been asked to identify affected employees as Oracle seeks savings while funding tens of billions in AI infrastructure spending.
- Oracle is preparing another round of job cuts to reduce payroll, according to internal documents viewed by Business Insider, as the company incurs billions in debt funding infrastructure expansion.
- Earlier this year, Oracle slashed about 21,000 jobs, around 13 per cent of its workforce, bringing headcount down to roughly 141,000 employees after the previous reduction.
- The company spent $55.7 billion on infrastructure in the 2026 fiscal year and raised $43 billion through debt, while its Cloud business continues growing despite cost-cutting efforts.
- Managers have been requested to provide lists of affected employees, with the company aiming to reduce payroll before the second fiscal quarter begins on Sept 1.
- Investors are monitoring the situation closely as Oracle stock has fallen nearly 26% this year, reflecting tension between aggressive AI investment and the need for cost control.
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According to reports, Oracle managers have been asked to identify employees who could lose their jobs before September. This move comes at a time when the company is preparing to lay off a large number of employees while also spending heavily on AI infrastructure.
Oracle planning another layoff wave in September? Managers asked to 'prepare lists'
Oracle managers have reportedly been asked to identify employees for possible layoffs before September. The move comes as the company balances deep job cuts with massive spending on AI infrastructure.
Oracle may announce another round of layoffs after cutting 21000 jobs: Report
Oracle is reportedly preparing another round of layoffs as the technology giant looks to control employee costs while continuing to spend heavily on artificial intelligence and cloud infrastructure. The latest job cuts could come before September, according to a report.
The Economic Times
Times of IndiaOracle plans fresh layoffs as AI spending piles up billions in debt: Report
Oracle is reportedly planning another round of job cuts. This move aims to reduce payroll while investing heavily in AI infrastructure. The company's employee count already fell significantly last fiscal year. Oracle spent billions on data centers and computing capacity for AI demand.
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