Oracle eliminated up to 30,000 employees on March 31, roughly 18% of its workforce, to fund a 56 billion AI infrastructure buildout.

“If an organisation cuts labour costs in order to build a factory—or, in this case, an AI data centre—that company is making a bet on its ability to deliver future revenue and profits.”
— JP Gownder, VP and Principal Analyst, Forrester
30,000Estimated jobs cut
56BAI infrastructure spending
-10BProjected cash flow freed
.1BRestructuring costs