Foreign media: Oracle to lay off thousands of employees

GateUser-bd883c58 · 2026-04-09T13:47:15+00:00

Oracle's massive investment in artificial intelligence infrastructure has caused its stock price to plummet, and it plans to cut thousands of jobs. The company faces fierce competition, with a current workforce of 162k employees, and its stock price has fallen 25% over the past year.

GateUser-bd883c58

2026-04-09 13:47:15

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Questioning AI · Why Did Oracle’s Massive Investment in AI Trigger Large-Scale Layoffs?

zhongxin jingwei April 1 report — CNBC reported on March 31 local time that software maker Oracle told employees the company will cut thousands of jobs. Earlier, the company’s stock price had crashed, with the reason being that it spent heavily on building artificial intelligence infrastructure.

According to reports, earlier media had covered news about Oracle’s layoffs. CNBC verified the layoffs with two people familiar with the matter, but because the announcement had not yet been made public, the two people familiar with the matter requested anonymity.

As of May 2025, Oracle has 162,000 employees. This year, the company’s stock price is down 25%, a drop that exceeds that of most technology giants.

In recent years, Oracle has engaged in fierce competition with rivals such as Amazon. The company has increased capital expenditure to build data center infrastructure capable of handling artificial intelligence workloads. But compared with cloud service peers, Oracle’s scale is smaller.

In addition, Oracle has long relied on the debt market to fund its expansion. In January this year, Oracle announced plans to raise $50 billion through debt and equity financing. During last month’s earnings call, company executives said there are no plans to take on additional debt before 2026. (zhongxin jingwei APP)

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