- The layoffs are reportedly expected to be far more than Oracle’s usual rolling job reductions, and some of them will include cutting back on categories that can be bolstered using AI.
- Oracle has reportedly already informed employees in the company that many job listings in its cloud department would be under review, indicating a slowdown or a freeze in the hiring process.
- Last month, Oracle announced that it would raise between $45 billion to $50 billion of funds in 2026 through a mix of debt and equity financing.
Oracle Corp. is reportedly planning to cut thousands of jobs across the board, likely to be announced as soon as this month.
According to a report from Bloomberg, citing people familiar with the matter, the layoffs are to offset a cash crunch amid the company’s large artificial intelligence data center expansion expenditures.
The layoffs are reportedly expected to be far more than Oracle’s usual rolling job reductions, and some of them will include cutting back on categories that can be bolstered using AI.
Shares of ORCL were up about 0.5% at the time of writing.
Oracle’s Reorganization
Oracle has reportedly already intimated employees in the company that many job listings in its cloud department would be under review, indicating a slow down or a freeze in the hiring process.
The report also noted that the reduction plans could change in time as the company still considers its workforce planning. As per the company’s website, Oracle has about 162,000 employees across the world.
AI Buildout
Last month, Oracle announced that it would raise between $45 billion to $50 billion of funds in 2026 through a mix of debt and equity financing to fund its Oracle Cloud Infrastructure business.
“Oracle is raising money in order to build additional capacity to meet the contracted demand from our largest Oracle Cloud Infrastructure customers, including AMD, Meta, NVIDIA, OpenAI, TikTok, xAI and others,” the company said in a statement, indicating its deeper push into AI buildouts amid growing demand in the market.
How Did Stocktwits Users React?
On Stocktwits, retail sentiment around ORCL shares remained in the ‘bearish’ territory at the time of writing, amid ‘low’ message volumes.
Shares of ORCL have declined over 5% in the past year.
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