Oracle plans to slash headcount by 20,000-30,000 to pay for AI data centres

Oracle is weighing deep cost cuts, including the potential layoffs of 20,000 to 30,000 employees, as it scrambles to fund its aggressive build‑out of AI data centres, according to a research note from investment bank TD Cowen.

These job cuts are likely to help ease the mounting financing pressures linked to Oracle’s multiyear cloud infrastructure commitments, including a major contract to provide compute capacity for OpenAI and other AI customers.