Oracle cutting thousands in latest layoff round as company continues to ramp AI spending

Skip Navigation Markets Business Investing Tech Politics Video Watchlist Investing Club PRO Livestream Menu Key Points Oracle is conducting a round of layoffs, two people familiar with the move told CNBC. The layoffs were in the thousands, the people said. The software maker has continued to increase spending on data center infrastructure that can handle AI workloads. In this article AMZN ORCL Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 0:42 00:42 Oracle laying off 'thousands' of employees, sources Money Movers Oracle has started telling employees that it's cutting thousands of jobs, CNBC has confirmed, as the software maker deals with a plummeting stock price tied to hefty capital commitments for building out AI infrastructure. While Oracle's core business is on the receiving end of market panic about competitive risk from generative artificial intelligence models, the company is also facing pressure from investors about the amount of debt it's raising for AI investments and its dwindling cash flow. Business Insider reported on the latest cuts earlier on Tuesday. CNBC confirmed the cuts with two people familiar with the matter who asked not to be named because the announcement hasn't been made public. Oracle, which employed 162,000 people as of May 2025, declined to comment. The company's stock price is down 25% this year, dropping more than all of tech's megacaps. …