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Omor Ibne Ehsan

Oracle Just Started Layoffs. What Do the AI-Driven Job Cuts Mean for ORCL Stock?

Oracle ORCL OpenAI

Oracle (ORCL) was supposed to be the next trillion-dollar company after all the successes last year, but it is retreating back to square one. The company recently initiated massive job cuts to finance its capital-intensive AI infrastructure ambitions, or at least that's how the layoffs are framed.

TD Cowen estimates that the job cuts will impact 18% of Orcale's global workforce, meaning some 20,000 to 30,000 workers are being eliminated to free up $8 billion to 10 billion in capital. All of this money will go into new or existing data centers for which Oracle needs the funds.

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