Oracle cutting many (20K- 30K)

2,410 Views | 18 Replies | Last: 4 days ago by Keller6Ag91
Over_ed
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8:01p, 3/31/26
AG
This time it's Oracle and word is that they plan to eliminate 20K-30K positions. As a frame of reference - 30K is reasonably close to the average quarterly US employment gain over the past year. (~35K net jobs gained per quarter).

A few of these cuts may be due to increased efficiency due to AI, but the vast majority are to cut payroll costs in order to build out more AI.

Cuts like this are likely to have an effect on the midterms, as it seems reasonable we might see US employment drop in the months leading up to the elections. This would be bad news for Trump and conservatives.

As much as I love Clarence Thomas, I do hope we see a push to refresh the court before November.

https://www.theregister.com/2026/03/31/oracle_cuts_jobs/
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SteveA
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In reply to Over_ed • 8:51p, 3/31/26
AG
These cuts were solely to fund the data center builds after open ai couldn't fulfill their contracts and banks began pulling back loans. Had nothing to do with increased productivity due to AI. And so Larry's kid can be flush buying Warner brothers
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Im Gipper
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8:52p, 3/31/26
CEOs

I'm Gipper
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Logos Stick
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In reply to SteveA • 9:00p, 3/31/26
SteveA said:
These cuts were solely to fund the data center builds after open ai couldn't fulfill their contracts and banks began pulling back loans. Had nothing to do with increased productivity due to AI. And so Larry's kid can be flush buying Warner brothers


It's both.

Oracle believes the roles it's nuking will be partially or fully "backfilled" with AI. These are areas like implementation, cloud operations, software engineering, and other support functions.
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HollywoodBQ
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9:48p, 3/31/26
AG
From what I see, they're going hard in the Cloud space right now and it doesn't look like too many customers are buying.
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SteveA
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In reply to HollywoodBQ • 9:53p, 3/31/26
AG
They have been in cloud and had their best earnings ever. This cut is to free up cash for data center expenses for open AI.

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Waterski02
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9:54p, 3/31/26
AG
Also think a number of companies are dumping Peoplesoft. We transition out this summer to a new platform. 50k staff, sure we're not the only ones.
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SteveA
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In reply to Logos Stick • 9:55p, 3/31/26
AG
They cut all roles, not just the ones you mentioned.
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soggybottomboy
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10:24p, 3/31/26
12K of the cuts are in India. So not all 30K are in the US
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Logos Stick
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In reply to SteveA • 10:26p, 3/31/26
SteveA said:
They cut all roles, not just the ones you mentioned.


Haven't seen any sources to support that assertion. Makes no sense honestly, given they are going to backfill with AI. Some roles are a better target than others.
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bigtruckguy3500
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10:33p, 3/31/26
I posted about this a few months ago in the investing forum. But I think a recession is coming. A lot of white collar jobs are getting laid of, engineers from amazon, GM, and others. Because of AI or whatever. But that, now combined with potential inflation, I'm even more concerned.
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SteveA
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In reply to Logos Stick • 10:47p, 3/31/26
AG
I have a pretty close source.
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ErnestEndeavor
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10:51p, 3/31/26
Covid overhiring, questionable huge investments in OpenAI that may never bring returns, and the lesson learned that the idiotic market will pop their stock if they attribute layoffs to AI efficiency instead of poor management.

Jack Dorsey at Block pulled the same crap. Overhired, bad investments in bitcoin mining, poor management...laid off half of workers and stock popped.
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TyHolden
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11:09p, 3/31/26
AG
I posted this in the Job Networking forum yesterday. It's been rumored for months and it finally happened. I have several friends that work there. Some got laid off. One said his whole sales department, from the VP down, got canned. VP personally flew to many, if not all, of the people below him and thanked them for their hard work and wished them well and kinda gave them a heads up before it went down. VP was also laid off. I looked him up and he's been there for 20+ years and I doubt he's even 50 years old. He did the right thing in a really bad situation. Not everybody is bad in corporate America. This guy deserves a ****ing purple heart.
I hope I did not offend anybody with this post. If I did, please come see me at my address in my profile so we can talk.
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ErnestEndeavor
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1:53a, 4/1/26
Sums it up well. Oracle is making bad bets and they are laying off people to fund them.
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SteveA
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In reply to ErnestEndeavor • 8:58a, 4/1/26
AG
Quote:
Covid overhiring, questionable huge investments in OpenAI that may never bring returns, and the lesson learned that the idiotic market will pop their stock if they attribute layoffs to AI efficiency instead of poor management.

This is pretty accurate.

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Keller6Ag91
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In reply to Over_ed • 9:02a, 4/1/26
AG
Over_ed said:
This time it's Oracle and word is that they plan to eliminate 20K-30K positions. As a frame of reference - 30K is reasonably close to the average quarterly US employment gain over the past year. (~35K net jobs gained per quarter).

A few of these cuts may be due to increased efficiency due to AI, but the vast majority are to cut payroll costs in order to build out more AI.

Cuts like this are likely to have an effect on the midterms, as it seems reasonable we might see US employment drop in the months leading up to the elections. This would be bad news for Trump and conservatives.

As much as I love Clarence Thomas, I do hope we see a push to refresh the court before November.

https://www.theregister.com/2026/03/31/oracle_cuts_jobs/

I work in the Oracle ecosystem and know people personally who were cut. #s are still being validated, but it's somewhere between 13-30K folks. They had around 162K globally at the end of CY25.

And this wasn't clearing out the non-performers either.
Gig'Em and God Bless,

JB'91
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Keller6Ag91
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In reply to TyHolden • 9:04a, 4/1/26
AG
TyHolden said:
I posted this in the Job Networking forum yesterday. It's been rumored for months and it finally happened. I have several friends that work there. Some got laid off. One said his whole sales department, from the VP down, got canned. VP personally flew to many, if not all, of the people below him and thanked them for their hard work and wished them well and kinda gave them a heads up before it went down. VP was also laid off. I looked him up and he's been there for 20+ years and I doubt he's even 50 years old. He did the right thing in a really bad situation. Not everybody is bad in corporate America. This guy deserves a ****ing purple heart.

That's really good stuff. Integrity and sacrificial leadership always matters.
Gig'Em and God Bless,

JB'91
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Keller6Ag91
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In reply to Logos Stick • 9:05a, 4/1/26
AG
Logos Stick said:
SteveA said:
These cuts were solely to fund the data center builds after open ai couldn't fulfill their contracts and banks began pulling back loans. Had nothing to do with increased productivity due to AI. And so Larry's kid can be flush buying Warner brothers


It's both.

Oracle believes the roles it's nuking will be partially or fully "backfilled" with AI. These are areas like implementation, cloud operations, software engineering, and other support functions.

I work with Oracle sales folks and they took a sizable hit.
Gig'Em and God Bless,

JB'91
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