Technology giant Oracle has reportedly begun what could become its largest wave of layoffs ever, with up to 30,000 employees at risk of losing their jobs as part of a massive shift toward artificial intelligence. According to reports, employees in the United States, India, Canada, Mexico and several other countries received termination notices via email from "Oracle Leadership" on March 31, without prior warning from HR or immediate supervisors. Investment bank TD Cowen estimates that between 20,000 and 30,000 positions could be affected, representing approximately 18 percent of the company's global workforce of about 162,000 people.
The layoffs are reportedly part of a "broader organizational change" as Oracle undertakes an aggressive expansion of AI infrastructure that TD Cowen estimates requires approximately $156 billion in capital investments. To finance this expansion, the company reportedly raised between $45 and $50 billion in loans and equity during 2026. TD Cowen assesses that the workforce reductions could free up between $8 and $10 billion in cash flow.
13 billion, with contracted future revenues reaching $523 billion, a 433 percent increase compared to the previous year.