Oracle Cuts 25,000-30,000 Jobs to Fund $156B AI Infrastructure Buildout — SaaS and ERP Consulting Hardest Hit
The Tech Portal·high signal
Oracle laid off approximately 25,000-30,000 employees (~18% of workforce) on March 31, redirecting $8-10B in annual cash flow toward AI data center construction. The cuts hit Cerner/Oracle Health, Cloud Infrastructure (OCI), and ERP consulting hardest, with entire SaaS and Virtual Operations Services (SVOS) divisions seeing 30%+ reductions. Capex for FY2026 is now ~$50B, $15B more than previously guided, funded partly by $30B in new debt. The paradox: Oracle's own earnings show record revenue and accelerating cloud adoption — the company is cannibalizing its own SaaS workforce to build AI infrastructure.