Oracle has begun layoffs as part of a restructuring, CNBC reported on March 31 local time.
Citing two people familiar with the matter, CNBC said the cuts would total in the thousands. The sources asked not to be identified because the matter is internal. Oracle declined to comment.
CNBC said the layoffs are taking place as Oracle increases capital expenditure, or CAPEX, to build data centre infrastructure to handle AI workloads.
Oracle is expanding investment in AI infrastructure while maintaining its core database business of storing and providing corporate information. Oracle had 162,000 employees as of May 2025.
Oracle shares are down 27 percent so far this year. CNBC said investors are weighing competitive risks from generative AI models and the impact of infrastructure investment on Oracle's cash flow.
Chi-gyu Hwang
delight@d-today.co.kr