Oracle is reportedly planning to cut between 20,000 and 30,000 jobs to free up billions in cash for its artificial intelligence (AI) data centre expansion, a move that would make it the single largest tech layoff of 2026, according to a research note from investment bank TD Cowen.
The cuts would affect roughly 12% to 18% of Oracle's global workforce of approximately 162,000 employees. Bloomberg reported that the job reductions could begin as early as this month and will span multiple divisions.
