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Oracle cuts up to 30,000 jobs in one day to fund AI push
Oracle laid off around 10,000 to 30,000 employees in a single day, about 18% of staff. Emails went out at 6am with no prior notice, marking the same day as the last working day. Some divisions saw cuts above 30%.
The company is shifting spending toward AI and cloud infrastructure. In 2025, rising costs created a major cash gap, pushing management to reallocate capital.
Analysts at TD Cowen estimate the layoffs could save $8–10B in free cash flow. Even if fully reinvested into AI infrastructure, payback is not expected before 2030.
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