Another round of layoffs has hit the tech industry, this time at SaaS giant Oracle Corporation (NYSE: ORCL).
Oracle has reportedly begun laying off employees across parts of its global workforce. The layoffs come as a new phase in the company's restructuring as it pours money into artificial intelligence infrastructure and data-center expansion.
Oracle is cutting thousands of jobs, CNBC reported Tuesday (March 31), citing unnamed sources. The software maker, which employed 162,000 people as of May, has seen its stock price drop 25% this year, according to the report.
Another tech giant is cutting jobs as AI spending grows.
Oracle is reportedly moving forward with layoffs as the software giant looks to restructure its workforce amid an investment in building out AI infrastructure.
Investors see the database firm as a barometer of the financial prospects for artificial intelligence. Oracle's stock was up 5%.
Oracle on Tuesday conducted a round of layoffs affecting thousands of employees, citing “current business needs,” according to multiple reports, resulting in a rise in the software maker's stock as it plans to ramp up spending on AI this year.
Oracle laid off some employees on Tuesday, according to two employees and LinkedIn posts. The cuts come as Oracle is trying to cut costs.
Shares of Oracle have come under sustained pressure in recent months as investors worry about heavy spending on artificial intelligence infrastructure. However, analysts at Bernstein argue that the company's strategy is likely to deliver significant long-term gains.
Oracle (NYSE: ORCL) is set to pay its first dividend of 2026 on April 24, continuing its quarterly distribution schedule to reward shareholders.
ORCL's surging cloud growth, $553 billion backlog and AI push contrast sharply with BABA's weak revenue and profit slump, shifting the edge decisively.
Oracle Corporation delivered its strongest quarter in 15 years, with Q3 revenue up 22% YoY to $17.2 billion and cloud revenue comprising 52% of total sales. ORCL's multicloud database strategy—embedding Exadata hardware in competitor clouds—drives high-margin, defensible growth and converts its installed base into a growth engine. Despite a $553 billion backlog and strong revenue visibility, Oracle faces risks from customer concentration, high leverage, and ongoing database franchise erosion.