Oracle slashes 30,000 jobs: How much severance was offered? Which departments were affected? Key questions answered

Oracle has announced 30,000 job cuts, marking the biggest single tech layoff in the last 12 months.

A CNBC report confirmed that the company’s stock price declined sharply, linked to heavy spending on AI infrastructure. The report also explains that although Oracle faces market anxiety and competitive risk from generative artificial intelligence models, the company is facing increasing investor concern over rising debt tied to AI investments and its dwindling cash flow.