Oracle is laying off thousands of employees as it ramps up investment in artificial intelligence infrastructure.
The company aims to better compete with cloud giants like Alphabet and Amazon. Oracle has not commented publicly on the cuts.
Internal communications and social media posts, including on Blind and Reddit, have fueled employee uncertainty.
In a March regulatory filing, Oracle projected up to $2.1 billion in restructuring costs for fiscal 2026, mainly for severance.
Despite the job cuts, Oracle’s shares rose over 5% Tuesday but remain down nearly 29% year-to-date.
As of May 2025, Oracle employed approximately 162,000 people globally.
The move aligns with a broader tech-sector trend. Over 70 tech firms have slashed more than 40,000 jobs in 2025, according to Layoffs.fyi.
Companies including Meta have also announced layoffs, reallocating resources toward AI development.