Cloud computing firm Oracle is carrying out layoffs that number in the thousands, CNBC reported on Tuesday, citing two people familiar with the situation. The company did not provide a comment on the workforce reductions.
Reports of the cuts spread quickly across online communities. Multiple social media users posted accounts on platforms such as Reddit, X and the anonymous workplace network Blind, contributing to uncertainty and confusion among staff.
The job cuts occur as Oracle accelerates spending on artificial intelligence infrastructure in an effort to strengthen its position against cloud rivals such as Alphabet and Amazon. In a March regulatory filing, Oracle disclosed that total costs tied to its fiscal 2026 restructuring plan could reach as high as $2.1 billion, with the bulk of that amount earmarked for employee severance and other related expenses.
Market moves followed the news. Oracle shares rose more than 5% in afternoon trading, though the stock has declined roughly 29% year-to-date.
On workforce size, Oracle reported having about 162,000 full-time employees worldwide as of May 2025.
The announcement comes amid a broader wave of technology-sector job reductions this year. Tracker Layoffs.fyi shows that more than 70 tech companies have announced roughly 40,480 job cuts so far this year, a trend that has amplified worker concerns about disruption related to AI. Several firms that have trimmed staff in recent months said they planned to redirect resources toward AI initiatives.
Separately, Meta recently implemented layoffs affecting a few hundred people across multiple teams, a source told Reuters. Earlier in the month, Reuters reported that Meta was considering broader workforce reductions that could affect 20% or more of its staff.
Investor and analyst inquiries about whether Oracle is an attractive buy continue; public commentary and third-party services have highlighted ORCL among many companies being assessed for fundamentals, momentum and valuation. Promotional and advisory materials referenced in the market conversation note that some analytic tools evaluate thousands of companies monthly using large sets of financial metrics, though individual investment recommendations vary by model and methodology.