Oracle is reportedly laying off thousands of workers.

The cloud giant has started notifying workers of the cuts, which are in the “thousands,” sources tell CNBC. Oracle reported employing 162,000 people as of May 2025, and has plans to raise between $45 and $50 billion this year for its AI infrastructure buildout. Posts from this author will be added to your daily email digest and your homepage feed. Posts from this topic will be added to your daily email digest and your homepage feed. Posts from this topic will be added to your daily email digest and your homepage feed. Posts from this topic will be added to your daily email digest and your homepage feed. Posts from this topic will be added to your daily email digest and your homepage feed. A free daily digest of the news that matters most. The Verge is a part of PMX Global, LLC, a subsidiary of Penske Media Corporation. © 2026 VM Publishing, LLC. All rights reserved. Sign in to see your notifications or create an account to join the conversation.