Oracle is preparing to cut thousands of jobs across several divisions this month as it tries to absorb the cost of an enormous AI data centre build-out, according to Bloomberg, which cited people familiar with the plans. The reported move, affecting the US software and cloud company led by Larry Ellison, is said to reach multiple business units, with some roles expected to be replaced by AI tools rather than people.
The news came after Oracle entered 2026 already under pressure to finance its AI expansion while convincing investors that the spending will eventually pay off. Oracle said it had 162,000 employees as of May 2025, and Reuters reported this week that the company had begun reviewing open roles in its cloud unit, a sign that hiring may be slowing sharply or stopping altogether.
