pjeOracle slashes 30k jobs with a cold 6 a.m. email
https://rollingout.com/2026/03/31/oracle-slashes-30000-jobs-with-a-cold-6/
More victims of AI.
Not actually of "AI is replacing jobs", more "oh shit we are spending too much and the product isn't good enough for us to ever make a return on our absurd over-investment".
I don't think its that easy.
Look at their employee numbers over the years:
(ai generated):
Oracle Corporation Employee Count (2010 - 2025)
Legend: Each '' represents approximately 4,000 employees.
Year | Employees
------------------------------------------------------------------
2010 | (105,000)
2011 | (108,000)
2012 | (115,000)
2013 | (120,000)
2014 | (122,000)
2015 | (132,000)
2016 | (136,000)
2017 | (138,000)
2018 | (137,000)
2019 | (136,000)
2020 | (135,000)
2021 | (132,000)
2022 | (143,000)
2023 | (164,000)
2024 | (159,000)
2025 | (162,000)
Note: Oracle's fiscal reporting for the full year 2025 ended on May 31, 2025.
They clearly did something crazy at corona and undoing this as a lot of companies did before already.
If I do my python right, from 2010-2020 they grew by 2.5% annually, from 2020 to 2025, they grew headcount by 3.7% annually.
After the layoffs, they'll apparently now have grown by 1.0% annually since 2020.
So yes, from 2021 to 2023, they had a huge spike, but overall, it's a net slowdown in growth relative to the 2010-2020 period.
If this was about reversion to the old pattern they'd have done a smaller set of layoffs or simply wait for a few years of zero growth.
You did the Python right but the analysis wrong. Looking at it on a graph you can see that interpreting a single growth rate for the entire period (even if you stop pre-covid) doesn’t make sense.
You can see linear growth from 2010-2017. Then slow decline or at best a flatline from 2018-2021. Then they went crazy in 2022-2025.
Now if we just do 162k - 30k we are back to 132k, basically same ballpark as pre-COVID.
That's not how stocks are measured on wall street. They picked the dumb metric.