Oracle is reportedly considering cutting up to 30,000 jobs as US banks pull back from financing its AI-driven data-centre projects, creating one of the largest potential layoffs in the technology sector in recent years. The move comes amid rising borrowing costs and mounting capital pressures linked to Oracle’s aggressive AI infrastructure expansion.
The company’s infrastructure commitments, estimated at around $156 billion, have prompted lenders to retreat, forcing Oracle to rethink its business strategy. Analysts suggest the workforce reduction could free $8–10 billion in cash, underscoring the financial strain of large-scale AI data-centre investments.