US EditionOracle plans thousands of job cuts as data center costs rise, Bloomberg News reports
Oracle will cut thousands of jobs globally as it invests billions into AI data centers, aiming to reduce roles expected to shrink due to artificial intelligence, Bloomberg reported.
- 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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50 Articles
Oracle Plans Major Layoffs Amid Massive AI Data Center
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Oracle to cut thousands of jobs to fund AI data centers: report
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Tech Giant Oracle Moves To Cut Jobs During AI Push
Oracle is planning to cut thousands of jobs as the company pours billions into expanding data centers to support artificial intelligence services, according to a report from Bloomberg cited by Investing.com. The layoffs could affect several divisions and may begin as early as this month. Some of the reductions are expected in roles that the company believes will become less necessary as AI systems take on more operational tasks. Oracle Corp. is …
Oracle Plans Jobs Cuts as Data Center Spending Rises
Oracle is planning to cut thousands of employees as soon as this month, according to a Bloomberg report, which said the cuts will be “wider-reaching” than the firm’s typical rolling reductions. Some of the job cuts will impact people who work in roles the firm expects it will no longer need due to advances in AI, the report said. Oracle also told employees this week that it plans to
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