One of the world's largest tech companies, Oracle, is planning to lay off approximately 30,000 employees. According to a report, this step may be taken to raise funds for the company's AI data centre expansion.
A CIO report states that, citing research from investment bank TD Cowen, Oracle may lay off approximately 20,000 to 30,000 employees. At the same time, the company is also moving toward selling some business operations. This is because American banks are gradually withdrawing from financing Oracle's AI data centre projects.
TD Cowen has stated, "Both equity and debt investors are questioning Oracle's ability to raise funds for this massive project." The impact has already begun to affect customer relations.
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Earlier, Oracle had undertaken a major project to build data centres for Sam Altman's OpenAI. According to TD Cowen, the potential cost of this project is approximately $156 billion. However, in recent weeks, multiple American banks have stepped back from lending to Oracle. As a result, the data centre expansion plan has faced obstacles.
If these layoffs are implemented, it could be the largest workforce reduction in Oracle's recent history. The company had already laid off approximately 10,000 employees by the end of 2025, which was part of a $1.6 billion restructuring plan.
Notably, this Oracle news comes at a time when Amazon recently announced the layoff of approximately 16,000 employees as part of AI restructuring. This makes it clear that the pressure of AI investment is having a major impact on employment at major tech companies worldwide.
