Oracle, long a small contender in the cloud market, has emerged as a major player in the computing power rental business over the past year, thanks to its $300 billion deal with OpenAI.
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The layoffs will impact Oracle’s divisions and could be implemented as soon as this month, the Bloomberg report said, citing people familiar with the matter. Some of the cuts will be aimed at job categories that the company expects will be reduced due to AI.
According to Bloomberg, the planned cuts are expected to be more extensive than Oracle’s normal rolling job cuts.
This week, Oracle announced internally that it would review a number of open job listings in its cloud division, effectively slowing or stopping the hiring process, the report said.
Oracle declined to comment when contacted by Reuters.
The company had about 162,000 full-time employees as of May 31, 2025, according to annual filings with the U.S. Securities and Exchange Commission.
Oracle will report third-quarter earnings on Tuesday. Its shares fell more than 15% last year after its December results revealed it had burned through nearly $10 billion of cash in the first half of the financial year.
Reporting by Jubi Babu in Mexico City; Editing by Alan Barona
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