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

A trader works as a screen shows the logo and trading information for Oracle on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 9, 2026. Brendan McDermid | ReutersSoftware maker Oracle has started telling employees that it's conducting a round of layoffs, two people familiar with the move told CNBC.The layoffs were in the thousands, said the people, who asked not to be identified to discuss a confidential matter. As of May 2025, the company employed 162,000 people....

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