Oracle Reportedly Lays off 30,000 Workers as Company Increases AI Spending [Yahoo! Finance]
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Source: Yahoo! Finance
Karla Marie Sanford 2 min read The official website of the American company Oracle Credit: Samuel Boivin/NurPhoto via Getty NEED TO KNOW Oracle announced thousands of layoffs on March 31 The move comes as the company seeks to raise money for its massive data center infrastructure buildout Other tech companies including Amazon, Microsoft and Meta have also recently laid off thousands of employees Oracle, the software corporation chaired by Larry Ellison , announced thousands of layoffs on Tuesday, March 31, multiple outlets reported. The full extent of the global layoffs is unclear, according to Business Insider , but those affected include software engineers in Oracle's cloud computing business, according to the outlet, which cited LinkedIn posts. As of May 2025, the company employed 162,000 full-time employees, according to public filings. The move comes as the company is seeking to cut costs to fund its increased AI infrastructure spending, Business Insider and
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