Oracle Layoffs in June 2026: Report Claims 30,000 More Job Cuts Coming Despite AI and Cloud Growth Oracle is reportedly set to complete nearly 30,000 job cuts by mid-June 2026, even as the company records strong cloud computing and artificial intelligence (AI) growth and invests heavily in infrastructure. The layoffs, which are part of a broader workforce restructuring exercise, could affect approximately 18 percent of Oracle’s global workforce. Employees impacted by the move are expected to reach their official separation dates between June 1 and June 15. The reported job cuts come amid strong financial results for the technology giant, including a 22 percent year-on-year revenue increase to $17.2 billion during the third quarter of fiscal 2026. Oracle’s cloud business continued to expand, with cloud revenue reaching $8.9 billion, a 44 percent rise compared to the same period last year. The company also reported rapid growth in AI-related services, as demand for computing infrastructure surged among enterprises developing and deploying AI applications. Specifically, Oracle Cloud Infrastructure’s AI segment grew 243 percent year-on-year, while multicloud database revenue increased by 531 percent. Oracle posted GAAP net income of $3.7 billion during the quarter, underscoring its financial resilience despite the workforce reduction. The layoffs are reportedly linked to Oracle’s strategic shift toward AI infrastructure and cloud expansion. The company has committed nearly $50 billion in capital expenditure for fiscal 2026, with a significant portion allocated to AI data centers and cloud infrastructure projects. Oracle is also involved in Stargate, a large-scale AI infrastructure initiative backed by OpenAI and SoftBank.#oracle #openai #softbank #oracle_cloud_infrastructure #stargate
Oracle Pushes Up Capex Spending on AI: High Risk or High Reward? Oracle Corporation has made a significant infrastructure bet in enterprise technology, with its third-quarter fiscal 2026 results intensifying debates over whether its capital-intensive shift toward AI will yield long-term gains. The company reported total revenues of $17.2 billion for the quarter ended February 28, 2026, representing a 22% year-over-year increase. Cloud revenues rose 44% to $8.9 billion, driven by Oracle Cloud Infrastructure (OCI), which saw 84% growth to $4.9 billion. Non-GAAP earnings per share climbed 21% to $1.79, marking the first quarter in over 15 years where both organic total revenues and non-GAAP EPS grew at 20% or more simultaneously. This milestone highlights Oracle’s ongoing transformation and its focus on scaling cloud and AI capabilities. Despite these gains, the company’s capital expenditure (capex) strategy has drawn scrutiny. Oracle guided its fiscal 2026 capex at $50 billion, a substantial increase from previous years. This aggressive spending has pushed free cash flow into negative territory, raising concerns about its financial sustainability. The risk of overleveraging is evident, as the company faces a heavy debt load and limited near-term cash generation, leaving little room for execution errors. However, the potential rewards are equally compelling. Remaining Performance Obligations (RPO) surged 325% year over year to $553 billion, a contractual backlog largely driven by large-scale AI agreements. Oracle has structured much of this demand to reduce capital strain, with customers either funding equipment upfront or supplying their own hardware.#alphabet #amazon #oracle_corporation #oracle_cloud_infrastructure #zacks_computer_technology_sector
