What is Oracle's plan for workforce reduction?

Oracle is reportedly considering laying off 20,000 to 30,000 employees, which is about 10% of its workforce, to help fund its AI expansion.

Why is Oracle planning to cut jobs?

The planned job cuts are intended to free up $8 billion to $10 billion to support Oracle's ambitious AI data center expansion projects and its partnership with OpenAI.

What other strategies is Oracle exploring for funding?

Oracle is also exploring selling some of its businesses, including its healthcare software unit Cerner, and expects to raise $45 billion to $50 billion in 2026 for cloud infrastructure expansion.

Home / Business and Economy / Oracle Eyes 30,000 Layoffs for AI Data Centers

Oracle Eyes 30,000 Layoffs for AI Data Centers

2 Feb

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Summary

Oracle may cut 20,000 to 30,000 jobs, about 10% of its workforce.
Layoffs aim to free $8 billion to $10 billion for AI expansion.
Company also explores selling businesses, including Cerner unit.

Oracle Eyes 30,000 Layoffs for AI Data Centers

Oracle is contemplating a substantial workforce reduction, with reports suggesting layoffs of 20,000 to 30,000 employees, representing approximately 10% of its global staff.

These potential job cuts are directly linked to funding Oracle's significant investments in artificial intelligence infrastructure. The aim is to generate $8 billion to $10 billion, bolstering its capacity for AI data center expansion and supporting its partnership with OpenAI.

As part of this strategic realignment, Oracle is also exploring the divestment of some of its business segments. Notably, its healthcare software unit, Cerner, acquired for $28.3 billion in 2022, is among the businesses being considered for sale.