Oracle cuts jobs across sales, engineering, security

theregister.com • March 31, 2026 • general

Key Points:

Oracle laid off thousands of employees via email as it increases spending on AI infrastructure projects, partnering with OpenAI and SoftBank on a major datacenter buildout initiative called Stargate.
The exact number of layoffs is unclear, but internal Slack user counts reportedly dropped by 10,000 overnight, with industry forecasts suggesting cuts could reach 20,000 to 30,000 employees, or about 18% of Oracle’s workforce.
Oracle plans to spend $50 billion on capital expenditures in fiscal 2026, primarily on revenue-generating datacenter equipment that supports AI development, with restructuring costs expected to total $1.6 billion this fiscal year.
Layoffs affected multiple departments and locations across the US, with employees sharing mixed reactions on social media, highlighting both pride in their work and acceptance of the changes due to the company’s AI-driven transformation.
Oracle declined to comment on the layoffs, which align with broader strategic moves to finance its expanding AI datacenter infrastructure amid growing competition in generative AI technologies.

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