Oracle reportedly plans to cut thousands of jobs and freeze hiring as bets on AI data centers spark financial perfect storm – cuts in its cloud division to be backfilled by AI

The AI’s Job Reaper has visited many a home in the last year alone, and this time he’s knocking on Larry Ellison’s door. Accordingly A Bloomberg report Citing insider sources, the database and cloud services giant is preparing to lay off thousands of employees across multiple divisions.

These layoff plans are still private, however BloombergThe sources assume that they will take place later this calendar month. The reason given by two whistleblowers for the cuts is that they will occur in job categories that Oracle is expected to effectively fill with AI. This new wave of cuts is also reportedly out of line with the company’s usual layoff cycle.