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Oracle plans thousands of job cuts as data center costs rise, Bloomberg News reports
Oracle plans to cut up to 30,000 jobs, about 18% of its workforce, to fund a $50 billion AI data center expansion amid rising debt and negative cash flow.
- Recent reports show thousands of planned cuts at Oracle Corp., according to people familiar with the matter and published on March 06, 2026 by Bloomberg News and Reuters.
- Led by chairman Larry Ellison, Oracle plans to raise up to $50 billion this year to fund a massive AI data-centre expansion, creating a cash crunch tied to the build-out.
- Reviewing open cloud job listings, Oracle has begun to implement wider-reaching reductions, targeting roles expected to shrink because of AI, possibly as soon as this month.
- Markets reacted as Oracle's shares declined as much as 1.5% to $150.12, with analysts projecting negative cash flow until 2030 due to AI spending.
- Oracle's global headcount of around 162,000 means the company employs about 900 in Ireland, disclosed a $1.6b restructuring last September, and declined to comment when contacted by Reuters.
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Oracle is preparing to cut thousands of jobs across several divisions this month as it tries to absorb the cost of an enormous AI data centre build-out, according to Bloomberg, which cited people familiar with the plans. The reported move, affecting the US software and cloud company led by Larry Ellison, is said to reach multiple business units, with some roles expected to be replaced by AI tools rather than people. The news came after Oracle en…
Fox 10 Phoenix
Oracle expected to slash thousands of jobs as massive AI spending creates financial cash crisis
Oracle is reportedly planning massive layoffs involving thousands of employees as AI spending creates a cash crunch. Job cuts could affect 18% of the company's total workforce.
Oracle Plans Major Layoffs Amid Massive AI Data Center
Enterprise software giant Oracle is reportedly preparing to cut thousands of jobs as the company faces mounting financial pressure tied to its aggressive expansion into artificial intelligence infrastructure. According to reports, the layoffs could begin as soon as this month and may affect employees across multiple divisions within the company. Oracle has been rapidly expanding its cloud computing operations in recent years, transforming itself…
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