By Ashley Stewart,Hugh Langley
Publication Date: 2026-03-31 12:03:00
According to two affected workers and several social media posts, Oracle began laying off employees on Tuesday.
The cuts appear to have affected employees worldwide, but the full extent of the layoffs was not immediately clear. Several people posted on LinkedIn Tuesday that they were affected by the layoffs.
An Oracle spokesman declined to comment.
The cuts come as Oracle looks to cut costs. Earlier this month, Oracle executives told investors not to worry about significant data center spending The company is “very, very good” at saving costs.
In January, Business Insider reported that Oracle had difficulty finding funding for Stargate, its $500 billion data center initiative with OpenAI. In February, Oracle announced it would raise $50 billion in debt to finance the expansion of its infrastructure.
Oracle shares are down nearly 30% this year. Fears that AI will replace traditional software tools have led to widespread…
