Oracle Cuts Thousands of Jobs to Fund AI Data Centre Push as Investor Anxiety Mounts, Shares Rise

Oracle has started cutting thousands of jobs to free cash for an AI-focused data center expansion.

Estimates put the layoffs between about 10,000 and 30,000 roles, potentially nearly 20% of 162,000 employees.

The company has raised roughly $45–50 billion and is investing heavily in data centers, GPUs, networking and power for AI workloads.

Shares rose after the restructuring as investors saw the cuts bolstering Oracle’s balance sheet while AI contracts demand massive upfront spending.