Oracle slashes thousands of jobs while betting big on AI expansion
Oracle has started another round of global job cuts The layoffs were not linked to performance but included senior positions such as engineers, architects, and managers. One worker estimated that around 30,000 employees may have been affected. This follows similar reductions at other major firms like Amazon and Meta, both of which are also pouring resources into AI development.
Oracle remains a key player in the $500bn Stargate initiative, alongside OpenAI, Softbank, and MGX. The company plans to spend at least $50bn this year on infrastructure and has raised an additional $50bn in debt to fund AI projects. Co-chief executive Clauton Magouyrk described the investment as capital-intensive but designed to maximise long-term profitability. Research shows that while automation is growing, most work is still done by humans. However, AI tools are allowing companies to operate more efficiently with fewer employees. Executives like Mark Zuckerberg and Jack Dorsey have highlighted this shift in recent statements.
The latest cuts reflect Oracle's focus on AI-driven growth, even as it reduces its workforce. With billions allocated for infrastructure and partnerships in high-profile initiatives, the company is positioning itself for a future where automation plays a larger role. The impact on employees and operations will become clearer as the changes take effect.
