Oracle lays off up to 30,000 employees worldwide to fund AI data centres

Oracle has initiated a significant reduction of its global workforce, affecting up to 30,000 jobs, or roughly 18% of its staff, announced through early morning emails. This strategic move highlights Oracle’s prioritization of AI infrastructure over employee retention, marking its largest layoffs since 2020. Investors and industry observers will now closely monitor Oracle’s AI expansion plans and its impact on financial stability and market positioning.