Oracle weighs up to 30,000 job cuts to fund AI push
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Mumbai: US tech giant Oracle is planning to cut 20,000 to 30,000 jobs and sell parts of its activities to help finance expansion of its AI data centre capacity, a new report has claimed.
The report from CIO, citing an investment bank TD Cowen, said the company cut about 10,000 jobs in late 2025 as part of a $1.6 billion restructuring plan. The total potential layoffs would be the largest in Oracle’s recent history, while TD Cowen estimated the proposed job reductions could free up $8 billion to $10 billion in cash flow.
Both equity and debt investors have questioned Oracle’s ability to fund the buildout, and several US banks have recently pulled back from lending for the expansion which led to Oracle taking the route of layoffs, the report indicated.
“Multiple Oracle data-centre leases that were under negotiation with private operators struggled to secure financing, in turn preventing Oracle from securing the data-centre capacity via a lease,” it said. Oracle was yet to comment on the report.
The research house put the company’s required capital expenditure for the project at roughly $156 billion, and Oracle is exploring a range of measures to reduce its capital burden.
