FOX Business host Charles Payne unpacks concerns about AI disruption on Making Money.
oracle The company reportedly began informing employees on Tuesday that it will be cutting jobs in an effort to cut costs.
According to one study, the number of layoffs is in the thousands. CNBC coverage The report was cited by two people familiar with the matter.
Oracle recently Artificial intelligence (AI) The company is looking to incorporate these tools into its business software services, so they can access data centers.
The company’s stock has been volatile over the past year on the back of AI growth, rising about 3.5% last year despite falling 48% in the past six months and 25% since the beginning of the year amid concerns that AI poses a competitive threat to software providers. The stock rose more than 4% during Tuesday trading on news of the layoffs.
HSBC focuses on significant headcount cuts as AI review progresses: Report
Oracle reportedly announced the layoffs on Tuesday. (David Paul Morris/Bloomberg via Getty Images)
Reviewed by Business Insider A copy of the layoff notification email sent to affected employees. This is a notification that you are eligible to receive a severance package after signing the termination papers.
“After careful consideration of Oracle’s current business needs, we have decided to: eliminate one’s role “This is part of broader organizational changes, as a result of which today will be your last day on the job,” the email, seen by the outlet, said.
Meta saves about 700 jobs. Layoffs affect multiple teams within the company
| ticker | safety | last | change | change % |
|---|---|---|---|---|
| ORCL | Oracle Corporation | 146.99 | +8.23 |
+5.93% |
Oracle’s most recent 10-K filing lists the company as having approximately 162,000 full-time employees as of May 2025.
In its March filing, the company said: reconstruction plan Sales are expected to reach $2.1 billion in fiscal year 2026, with the majority going to employee retirement benefits and related expenses.
Metaeyes slashes headcount by 20% as AI infrastructure costs continue to rise across the business: Report
Oracle Chief Technology Officer Larry Ellison announced investments in AI at the White House last year. (Andrew Harnik/Getty Images)
Technology companies are Employee review With the rise of AI, we are looking to shift resources to meet our infrastructure needs.
Meta last week announced layoffs affecting hundreds of people across multiple teams, and Reuters previously reported that Meta was planning across-the-board layoffs that could affect more than 20% of its workforce.
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Reuters contributed to this report.
