Oracle Cuts Up to 30,000 Jobs in Largest AI-Driven Restructuring of 2026, Redirecting Billions Toward Data Center Buildout
Oracle terminates an estimated 18 percent of its global workforce via early-morning emails with no prior warning, freeing up to $10 billion in cash flow to finance a $156 billion AI infrastructure expansion even as the company reports a 95 percent jump in quarterly net income.