Oracle is cutting up to 30,000 employees to pay for AI data centres

Oracle has begun what may be the largest layoff in its history, cutting an estimated 20,000 to 30,000 employees to free up as much as 10 billion dollars for AI data center expansion. Workers across multiple countries received sudden 6 a.m. termination emails, with immediate loss of system access and no prior warning. The cuts come despite Oracle reporting a 95 percent jump in net income and massive future revenue commitments, highlighting that the layoffs are driven not by financial distress but by an aggressive push to fund AI infrastructure. Analysts say Oracle is making a high risk, capital intensive bet on AI that its current balance sheet cannot support without drastic workforce reductions.

Read the full story on TNW →