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.Software 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.Shares of Oracle have come down 27% so f ...