https://www.bloomberg.com/news/articles/2026-03-05/oracle-layoffs-to-impact-thousands-in-ai-cash-crunch
9 replies (most recent on top)
https://www.reuters.com/business/oracle-plans-thousands-job-cuts-data-center-costs-rise-bloomberg-news-reports-2026-03-05/
- Oracle is reportedly planning thousands of layoffs as the company faces financial pressure from a large AI data center expansion, according to a Bloomberg report cited by Reuters.
- The expansion is tied to Oracle’s push to compete in cloud computing and support major AI customers, including OpenAI, xAI, and Meta.
- Oracle recently increased its expected capital expenditures for fiscal 2026 by $15 billion, on top of an earlier $35 billion estimate, raising investor concerns about funding and rising debt.
- The layoffs could begin as early as this month and may affect multiple divisions, including roles likely to shrink due to AI automation.
- The company is also reportedly reviewing or freezing some open positions in its cloud division.
- Oracle had about 162,000 employees as of May 2025.
- The company plans to raise $45-50 billion this year to expand cloud infrastructure, after reporting about $10 billion in cash burn in the first half of its fiscal year.
- Oracle declined to comment on the report and will release third-quarter results next week.
@OP please keep a watch on how many H1B petitions this company will file right after the layoffs.
You will accept it quicker once you learn to relax your b*tt muscles. Practicing kegals might help too. HTH
Bloomberg article - https://archive.ph/0hTO8
But, surely, the billions that are owed to ORCL for the new data centers will help!
INCOMING!!
Inbound heat-seeking moisture missile, compliments of Uncle Larry!!
Bloomberg is a reputable outfit so there is likely a lot of truth to this. A lot of people are going to get sacked according to the article.
https://www.reuters.com/business/oracle-plans-thousands-job-cuts-data-center-costs-rise-bloomberg-news-reports-2026-03-05/
https://www.reuters.com/business/oracle-plans-thousands-job-cuts-data-center-costs-rise-bloomberg-news-reports-2026-03-05/
https://sg.finance.yahoo.com/news/oracle-shares-fall-bubble-fears-094856416.html
All are referencing the Bloomberg article.