Oracle Cuts 30,000 Jobs in Historic Layoff to Fund Aggressive AI Expansion

Oracle announced layoffs of about 30,000 workers, roughly 18% of its global staff.

The company said affected employees were notified by email and told that same day was their last working day.

Oracle said the cuts are part of restructuring tied to a strategic pivot toward AI and funding large AI data center expansion.

The company reported a 95% rise in GAAP net income to $6.13 billion and has taken on about $58 billion in new debt for AI projects.