Oracle announces massive 30,000 job cuts amid AI spending concerns. The tech giant, employing 162,000 workers, is cutting nearly one-fifth of its workforce as the company grapples with heavy investments in artificial intelligence infrastructure and declining cash flow. Stock prices have fallen 25% this year, significantly underperforming peers. The layoffs affect engineering, software development, product management, and customer support roles across Oracle Fusion Cloud Applications and Oracle Cloud Infrastructure divisions. Unlike typical reductions, these cuts are not performance-based. US employees receive four weeks base salary plus one week per year of service, capped at 26 weeks total severance. This represents the largest single tech industry layoff in the past 12 months and signals growing investor anxiety over rising debt tied to AI investments across the sector.
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