By Georg Haas
Publication Date: 2026-03-06 15:14:00
Oracle is reportedly preparing to cut thousands of jobs Golem. The layoffs could begin as early as this month, according to people familiar with the plans. The measures go far beyond the previous job cuts. Some of the affected positions fall into job categories that Oracle considers to be expendable in the future due to the use of AI tools.
AI investments drive cash flow into the red
Behind the job cuts there is massive pressure to invest. CEO Larry Ellison is driving the expansion of data centers for AI tasks, including for customers like OpenAI. Originally known for database software, the company has been positioning itself as a cloud competitor to Amazon and Microsoft for years.
Wall Street analysts expect the investments will push the company’s cash flow into negative territory for several years. According to Bloomberg, a recovery could not occur until around 2030. Last February, Oracle announced it would raise up to $50 billion this year through debt and equity…