Oracle lays off employees as it curbs costs during AI buildout

Larry Ellison, chairman of Oracle. Anna Moneymaker/Getty Images 2026-03-31T12:03:50.545Z Share Copy link Email Facebook WhatsApp X LinkedIn Bluesky Threads lighning bolt icon An icon in the shape of a lightning bolt.

Impact Link Save Saved Read in app Loading audio narration... This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Oracle laid off some employees on Tuesday, according to two employees and LinkedIn posts. The cuts come as Oracle is trying to cut costs. The company's stock has dropped nearly 30% this year as AI fears have driven a software sell-off. AI-generated summary Summaries are generated by an AI model trained on Business Insider's articles. AI may make mistakes or provide inaccurate/incomplete information. We're unable to load that answer right now. Please try again. How do layoffs impact Oracle's growth? How has AI affected software stocks? What is the "SaaSpocalypse" in software? What are the challenges of cost-cutting? Why is Oracle investing in data centers? Oracle started laying off employees on Tuesday, according to two affected workers and several social media posts. The cuts appear to have affected employees globally, but the full extent of the layoffs could not be immediately learned. Several people posted on LinkedIn on Tuesday to announce they had been impacted by the layoffs.An Oracle spokesperson declined to comment. The cuts come as Oracle seeks to curb costs. Earlier this month, Oracle executives told investors not to worry about its significant data center spending because the company is "very, very good" at cost-cutting.In January, Business Insider reported that Oracle was struggling to find financing for Stargate, its $500 billion data center initiative with OpenAI. In February, Oracle announced a $50 billion debt raise to help fund its infrastructure buildout. Oracle's stock has dropped nearly 30% this year. Fears that AI will replace traditional software tools have driven a broad sell-off of software stocks. On an earnings call earlier in March, Oracle Chairman Larry Ellison downplayed those fears, telling analysts he believes the so-called SaaSpocalypse will be a problem for other companies, but not his.This is a developing story. Have a tip? Contact this reporter via email at astewart@businessinsider.com or Signal at +1-425-344-8242. Use a personal email address and a nonwork device; here's our guide to sharing information securely.