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International Business Times UK
International Business Times UK
World
Tanmay Puri

Oracle To Slash 30,000 Jobs Despite AI Boom And Surging Cloud Revenues

Oracle Artificial Intelligence
Oracle to cut nearly 30,000 jobs. (Credit: Oracle Official Website)

Oracle is reportedly nearing completion of a workforce reduction programme that could result in almost 30,000 employees being laid off by mid-June 2026, despite continued growth in its cloud computing and artificial intelligence businesses.

According to Money Control, the planned cuts may affect roughly 18 per cent of Oracle's global workforce, making it one of the largest restructuring exercises in the company's history if completed as reported.

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