{"id":996491,"date":"2026-03-06T07:56:58","date_gmt":"2026-03-06T02:26:58","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=996491"},"modified":"2026-03-06T08:09:22","modified_gmt":"2026-03-06T02:39:22","slug":"oracle-layoffs-planned-as-data-centre-costs-surge-bloomberg","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/03\/06\/oracle-layoffs-planned-as-data-centre-costs-surge-bloomberg\/","title":{"rendered":"Oracle layoffs planned as data centre costs surge: Bloomberg"},"content":{"rendered":"<p>Enterprise software company Oracle is planning thousands of job cuts as it faces a cash crunch from a massive AI data center expansion effort, Bloomberg News reported on Thursday. <\/p>\n<p>Long a smaller contender in the cloud market, over the past year Oracle has emerged as a major player in \u200cthe business \u2060of renting computing \u2060power thanks, in part, to its $300 billion deal with OpenAI. <\/p>\n<p>But investors have grown worried about how it would fund the data center expansion needed to serve OpenAI and other customers, including Elon Musk&#8217;s xAI and Meta.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Enterprise software company Oracle is planning thousands of job cuts as it faces a cash crunch from a massive AI data center expansion effort, Bloomberg News reported on Thursday. Long a smaller contender in the cloud market, over the past year Oracle has emerged as a major player in \u200cthe business \u2060of renting computing \u2060power thanks, in part, to its $300 billion deal with OpenAI. But investors have grown worried about how it would fund the data center expansion needed to serve OpenAI and other customers, including Elon Musk&#8217;s xAI and Meta.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-996491","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/996491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=996491"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/996491\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=996491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=996491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=996491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}