Tech Layoff Tracker
@TechLayoffLover
I am hearing from multiple sources inside Oracle that the company is planning thousands of job cuts. Potentially 20,000 to 30,000 roles across the board.
This is to free up $8-10 billion in cash flow. All to fund massive AI data center expansion.
US banks are pulling back from financing. Borrowing costs are rising fast.
The cuts would be the largest in years. Bigger than the 10,000 layoffs in late 2025.
They’re also eyeing asset sales. Like the Cerner healthcare unit.
Insiders say non-core units and data center-linked staff are most at risk.
It’s tied to big AI commitments. Including compute for OpenAI and other customers.
Alumni channels are buzzing with worry. Headcount now around 170,000.
If you’re at Oracle, heads up. This feels like the start of major restructuring.
Anyone in cloud or AI tech hearing similar? Or is Oracle just the latest?
Indeed it's time to ask the question why does US have more data centers than the whole rest of the world combined? China gets by with 555 and Apple just the other day said they're only a 10% and have a ton of excess capacity so what's up with this, just creating markets for… pic.twitter.com/dRrNVSm143
— MedicalQuack (@MedicalQuack) March 5, 2026