Oracle Cuts Jobs as It Pours Money Into AI Data Centers

Overview

• Oracle is carrying out widespread layoffs, with employees and trade press tying the move to a push to build costly data centers for artificial intelligence.
• Workers and LinkedIn posts describe roles eliminated in the United States and India, and some staff say internal tallies show reductions in the thousands.
• Employees say the cuts span many lines of business at the cloud and database company, which has not issued a detailed public breakdown.
• A state filing in Washington shows 491 positions slated for elimination effective June 1 under U.S. layoff notice rules.
• Oracle told investors in March it may spend up to $2.1 billion on restructuring this fiscal year, led by severance and related expenses, and the company did not comment to Reuters on details reported elsewhere.