Oracle continues job cuts amid AI spending surge
Qazinform
Oracle is continuing significant job cuts as it focuses on expanding its artificial intelligence and cloud infrastructure, despite spending billions on AI-related investments and restructuring. The company has already reduced its global workforce by 21,000 employees, or 13%, in fiscal 2026, and is projected to spend $90–$95 billion on capital expenditures in fiscal 2027. Despite the layoffs, Oracle is accelerating AI investments and has secured over $30 billion in new AI cloud contracts.
All articles from 17 September 2026. Summaries are AI-generated and may contain errors; the linked article is the authority.