Oracle is planning to axe thousands of jobs worldwide, among its moves to handle a cash crunch from a massive AI data center expansion effort. Led by chairman Larry Ellison, Oracle is embarking on a historic build-out of data centers to power AI workloads for customers such as OpenAI. The reductions being planned are expected to be wider-reaching than the company’s typical rolling job cuts, according to the people. Oracle’s initial moves as an AI cloud provider drew favor from investors, who boosted the stock 61% in 2024 and 20% last year. Microsoft fired some 15,000 people last year amid rising spending on data centers and AI software development.

Source: The Irish Times March 05, 2026 21:44 UTC