Oracle reported cutting thousands of jobs amid data center growth

Investing.com -- Oracle Corp. is planning to cut thousands of jobs as part of its efforts to manage a cash crunch stemming from a massive AI data center expansion, Bloomberg reported on Thursday.

The job reductions will reportedly affect divisions across the company and may be implemented as soon as this month. Some of the cuts will target job categories that the company expects it will need less of due to AI.

The planned reductions are expected to be wider-reaching than the company's typical rolling job cuts. This week, Oracle is said to have announced internally that it would be reviewing many of the open job listings in its cloud division, effectively slowing down or freezing the hiring process.

Led by Chairman Larry Ellison, Oracle is undertaking a large-scale build-out of data centers to power AI workloads for customers such as OpenAI. The company, long known for its database software, has been transitioning in recent years to expand its cloud computing unit with a focus on AI, aiming to compete with market leaders Amazon.com Inc. and Microsoft Corp.

The company had about 162,000 employees globally as of the end of May 2025. Planning for the workforce reductions is still active and could change.

You May Also Be Interested In

• Utz Brands taken private in $2.9 billion deal with Germany’s Intersnack
• Viral Meta Sitcom Star and Singer‑Songwriter Eylsia Nicolas Scores Back‑to‑Back Breakout Weeks: 45 Million Sitcom Views and 25 Million Views for her Critically Acclaimed New Release Ashes on the
• Emerging Growth Research Releases Flash Report on First Phosphate; Reiterates Buy Rating and C$4.94 Price Target Following Recent Share Price Weakness