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Oracle Layoffs Shock

B
Benzinga

4 Views • Apr 01, 2026

Description

Oracle cut an estimated 20,000–30,000 employees — roughly 18% of its global workforce — to fund a $156B data center buildout, with TD Cowen projecting the cuts free up $8–10B in cash flow. Remaining performance obligations hit $553B, including a $300B+ deal, while Oracle added $58B in debt in two months. Shares are down 25%+ YTD.

Keywords & Tags

#ORCL #TechStocks #AIInfrastructure #CloudComputing #DataCenter #OracleStock #EnterpriseAI #TDCowen #OracleLayoffs #TechLayoffs

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