Oracle May Cut Up to 30,000 Jobs Amid Financial Strain
Oracle is reportedly planning large-scale job cuts, with estimates suggesting up to 30,000 positions could be eliminated globally as the company looks to manage rising costs and financial pressure. The potential layoffs would mark one of the biggest workforce reductions in Oracle’s history if implemented.
Cost Pressures and AI Investments
The move is linked to mounting expenses and funding challenges, particularly related to Oracle’s aggressive push into cloud infrastructure and artificial intelligence data centres. Industry observers say tighter credit conditions and higher borrowing costs have increased pressure on the company’s balance sheet, prompting a review of operational expenses.
No Official Confirmation Yet
Oracle has not officially announced the layoffs, and the scale and timeline remain unclear. Reports indicate that the cuts, if approved, could affect non-core roles and certain data centre-related functions as the company prioritises long-term investments in AI and cloud services.
The development reflects a broader trend in the global technology sector, where companies are balancing heavy investment in new technologies with the need to control costs amid uncertain economic conditions.
