Oracle lays off people to reduce expenses during AI buildout
Oracle lays off people to reduce expenses during AI buildout
Oracle laid off some workers on Tuesday, according to two employees and LinkedIn posts.
The changes come as Oracle attempts to minimize costs.
This year, the company’s stock has fallen roughly 30% as anxieties about AI have fueled a software sell-off.
Oracle began laying off staff on Tuesday, according to two affected employees and multiple social media postings.
The cuts appear to have affected staff worldwide, but the full scope of the layoffs could not be determined immediately. More than a dozen people announced on LinkedIn on Tuesday that they had been affected by the layoffs.
According to LinkedIn posts analyzed by Division Insider, affected roles appear to include employees from Oracle’s cloud computing division. Several of the employees that posted were software developers.
Oracle’s representative declined to comment.
Oracle has around 162,000 full-time employees as of May 2025, according to its most recent 10-K filing.
The changes are part of Oracle’s efforts to reduce costs. Earlier this month, Oracle officials encouraged investors not to be concerned about the company’s huge data center spending because it is “very, very good” at cost-cutting.
Business Insider revealed in January that Oracle was having difficulty securing funding for Stargate, its $500 billion data center collaboration with OpenAI. Oracle launched a $50 billion debt offering in February to fund its infrastructure expansion.
Oracle stock has fallen over 30% this year. Fears that AI would replace traditional software tools have caused a widespread sell-off in software equities.
During an earnings call earlier in March, Oracle Chairman Larry Ellison downplayed similar concerns, telling analysts that the so-called SaaSpocalypse will be a problem for other companies but not his.
The layoffs are the latest example of technology corporations decreasing headcount. Amazon announced in January that it would lose approximately 16,000 corporate jobs, months after laying off 14,000. Last year, Microsoft announced that it will remove approximately 15,000 roles.
Last week, Meta began laying off hundreds of employees, following years of downsizing that resulted in the elimination of thousands of positions.