Oracle Plans a New Round of Layoffs to Offset High Capital Expenditure on AI Infrastructure
2026-08-12 09:16:06
According to CoinMeta, Oracle is formulating a new round of layoffs, with some teams experiencing double-digit reductions in staff, with the goal of completing cost-cutting by September 1st. Oracle continues to borrow heavily to invest in AI infrastructure construction, including data center and chip procurement, while also reducing employee costs to alleviate capital expenditure pressures. Financial reports show that Oracle's total workforce decreased by 21,000 people in fiscal year 2026, with infrastructure investments reaching $55.7 billion, and its cloud infrastructure business grew by 77% year-over-year. Oracle's stock price has fallen by nearly 26% this year.
Source:Internet
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