Reports of layoffs at Oracle suggest that thousands will be let go this month to free up resources for its AI data center expansion plans.

Oracle (ORCL) stock weakens as the company announces sweeping job cuts to manage rising AI infrastructure costs and plans to raise $45B-$50B in capital.

Oracle plans to cut thousands of jobs across multiple divisions as it works to manage costs tied to its AI data center buildout. The company is reportedly reallocating spending toward large cloud infrastructure projects for clients such as OpenAI and Meta.

Analysts expect Oracle to report adjusted earnings per share of $1.71 for the quarter, representing year-over-year growth of 16.3%. Revenue is projected to reach about $16.9 billion, a 20% increase compared with the same period a year earlier.

Oracle is reportedly planning significant job cuts, potentially thousands, to manage a growing cash crunch fueled by its massive AI data center expansion. This restructuring, costing over $1.6 billion,

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While Oracle has traditionally been viewed as a legacy database provider, its aggressive pivot toward Oracle Cloud Infrastructure (OCI) has sparked a

Additional data-center capacity needed by OpenAI will be fulfilled by other Oracle data centers, a source told Barron’s.