Event dossier

US tech firm Oracle cuts thousands of jobs as it steps up AI spending

Company chaired by Trump ally Larry Ellison seeks to reassure investors that bet on AI infrastructure will pay off Oracle is cutting thousands of jobs as the US technology company seeks to reassure investors that its… Grouped from 3 articles across 3 sources.

3 reports3 sourcesApr 1, 2026, 10:20 AM
FilterThe Guardian
Clustered coverageBBC News, CNBC, The Guardian
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The GuardianApr 1, 2026, 10:20 AM

US tech firm Oracle cuts thousands of jobs as it steps up AI spending

Company chaired by Trump ally Larry Ellison seeks to reassure investors that bet on AI infrastructure will pay off Oracle is cutting thousands of jobs as the US technology company seeks to reassure investors that its bet on AI infrastructure will pay off. The $420bn firm, headquartered in Austin, Texas, started making employees redundant on Tuesday, with thousands of Oracle’s 160,000-strong workforce expected to leave. Continue reading...

BBC NewsApr 1, 2026, 7:09 AM

Thousands lose their jobs in deep cuts at tech giant Oracle

It is thought that thousands of people may have lost their jobs at Oracle, one of the world's largest tech companies.

CNBCMar 31, 2026, 8:20 PM

Oracle cutting thousands in latest layoff round as company continues to ramp AI spending

Oracle has ratcheted up its capital expenditures as it builds data center infrastructure that can handle AI workloads.

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