Oracle plans to cut thousands of jobs to cope with funding pressures for AI data center construction

GateNews

2026-03-09 02:15:14

Gate News Report, March 9 — According to Bloomberg, Oracle Corporation plans to cut thousands of jobs to cope with the financial strain caused by large-scale AI data center construction. Sources familiar with the matter say the layoffs will affect multiple departments and could begin as early as this month. Because the plans are still internal information, these sources requested anonymity. Two of them indicated that some layoffs will focus on job categories expected to see reduced demand in the future, partly because AI applications will replace certain jobs.

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