Oracle To Slash 30,000 Jobs Despite AI Boom And Surging Cloud Revenues Oracle is reportedly nearing the completion of a major workforce reduction program that could result in nearly 30,000 employees being laid off by mid-June 2026. The cuts, which would affect approximately 18 percent of the company’s global workforce, are part of a restructuring effort tied to its long-term strategy to prioritize growth in artificial intelligence and cloud computing. Despite strong financial performance and rising revenues in these sectors, the layoffs are occurring amid a shift in resource allocation to support future expansion. The restructuring comes as Oracle reports robust financial results, including a 22 percent year-over-year revenue increase to £12.7 billion ($17.2 billion) during the third quarter of fiscal 2026. Cloud services remain a key growth driver, with cloud revenue reaching £6.6 billion ($8.9 billion), reflecting 44 percent annual growth. AI-related operations also saw significant gains, with Oracle Cloud Infrastructure’s AI segment reporting 243 percent year-on-year growth. Multicloud database revenue surged by 531 percent, underscoring rising demand for the company’s cloud-based data services. The layoffs are reportedly linked to Oracle’s strategic focus on AI and cloud infrastructure, which the company is expanding through major investments. For fiscal 2026, Oracle has allocated nearly £36.9 billion ($50 billion) in capital expenditure, much of which is directed toward AI-focused data centers and cloud infrastructure projects. The company is also involved in Stargate, a large-scale AI infrastructure initiative backed by OpenAI and SoftBank, highlighting its commitment to building the computing capacity needed for advanced AI systems.#cloud_computing #oracle #openai #softbank #stargate
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
