Ben Buchanan> "Oracle began executing what analysts believe could be the largest layoff in the company’s history on Tuesday, 31 March 2026. ... The company posted a 95% jump in net income last quarter, reaching $6.13 billion, and its remaining performance obligations, a measure of contracted future revenue, stood at $523 billion, up 433% year over year. This is not a company in revenue distress."
Oracle is cutting up to 30,000 employees to pay for AI data centres
Employees across the US, India, Canada, and Mexico woke up on 31 March to termination emails from “Oracle Leadership” with no prior warning. TD Cowen estimates the cuts will affect 18% of Oracle’s 162,000-person workforce and free up $8-10 billion to fund AI infrastructure. Oracle has not confirmed the total number. Oracle began executing what […]