{"id":996970,"date":"2026-03-09T08:39:40","date_gmt":"2026-03-09T03:09:40","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=996970"},"modified":"2026-03-09T08:48:48","modified_gmt":"2026-03-09T03:18:48","slug":"oracle-plans-to-cut-thousands-of-jobs-as-data-centre-costs-surge-report","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/03\/09\/oracle-plans-to-cut-thousands-of-jobs-as-data-centre-costs-surge-report\/","title":{"rendered":"Oracle plans to cut &#8216;thousands&#8217; of jobs as data centre costs surge: Report"},"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-996970","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\/996970","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=996970"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/996970\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=996970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=996970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=996970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}