Oracle Plans to Cut 30,000 Jobs to Fund Its AI Data Center Expansion

The cuts, broader than Oracle’s usual rolling reductions, will span multiple divisions and may begin this month. Some roles being eliminated are ones Oracle expects AI to replace. The company is simultaneously raising up to $50 billion to build data centres for OpenAI, Meta, Nvidia, and others.

Oracle is planning to cut thousands of jobs across its global workforce, according to Bloomberg, which cited people familiar with the matter who asked not to be named. The layoffs, which could begin as early as this month, will affect multiple divisions and are described as broader in scope than the company’s typical rolling workforce reductions. Some of the cuts will specifically target job categories that Oracle expects to need less of as AI takes over those functions, two people told Bloomberg.

The reductions are being driven by a cash crunch stemming from Oracle’s aggressive push to build AI data centres at scale. Under Chairman Larry Ellison, the company has committed to supplying cloud and compute infrastructure to some of the most capital-intensive AI companies in the world, including OpenAI, Meta, Nvidia, TikTok, AMD, and xAI. In February, Oracle announced plans to raise between $45 billion and $50 billion in 2026 through a combination of debt and equity financing to fund that buildout. The company has already raised tens of billions in debt, though its bonds have at times traded at junk-level yields amid investor concerns about an AI bubble and Oracle’s reliance on a small number of large customers.

This is not Oracle’s first round of significant cuts tied to its AI pivot. In September last year, the company disclosed its largest-ever restructuring plan, allocating up to $1.6 billion in the current fiscal year, ending May 2026, to cover severance and related costs. That round resulted in an estimated 10,000 job losses across various divisions. The current round is expected to go deeper. Investment bank TD Cowen, in a report last month, estimated that Oracle was evaluating a reduction in force of between 20,000 and 30,000 employees, with the goal of generating $8 billion to $10 billion in additional free cash flow. Oracle has a global workforce of approximately 162,000 employees as of the end of May 2025.

Disclaimer: This article is based on Bloomberg’s reporting of March 5, 2026, as confirmed and reported across multiple outlets. Bloomberg’s sources spoke on condition of anonymity. NervNow has not independently verified the scope or timing of the planned layoffs. Oracle has not made a public statement at the time of writing.

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