Oracle Plans 20K-30K Layoffs to Fund AI Data Center Cash Crunch
Bloomberg·high signal
Oracle is planning to cut 20,000-30,000 jobs across multiple departments starting as early as March 2026 to handle a cash crunch from its massive AI data center expansion. Under Larry Ellison, Oracle revised capex upward by $15B (to $50B total for FY2026) to build infrastructure for AI workloads including OpenAI. Wall Street projects Oracle's cash flow will go negative and not recover until 2030. This is the starkest illustration yet of the "AI bill coming due" — companies are cutting human head