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Oracle begins massive layoffs to fund AI data center push

Oracle cuts up to 18% of its 162,000 workforce to free $8–10 billion for a $156 billion AI cloud infrastructure expansion, analysts said.

  • On Tuesday, March 31, 2026, Oracle Leadership began executing mass layoffs, sending termination emails to employees across the United States, India, Canada, and Mexico that cut system access immediately.
  • Investment bank Cowen estimates the cuts will affect 20,000 to 30,000 roles, freeing $8–10 billion for an aggressive Oracle Cloud Infrastructure buildout requiring an estimated $156 billion in capital.
  • Employee reports on Reddit and Blind confirm real-time reductions of at least 30% across units including Revenue, Health Sciences, SaaS, and Virtual Operations Services, marking what analysts believe is the company's largest historical layoff.
  • In its March 2026 SEC filing, Oracle disclosed a $2.1 billion restructuring plan, while multiple United States banks have reportedly raised lending costs or stepped back from financing certain data centre projects.
  • To support this massive buildout, the company raised $45–50 billion in debt and equity financing in 2026, yet uncertainty persists as Oracle has not confirmed total job losses.
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Forbes broke the news in United States on Tuesday, March 31, 2026.
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