Oracle (ORCL) Plans to Cut Thousands of Jobs as Data Center Expenses Climb, Bloomberg News Reports

Oracle Corporation (NYSE:ORCL) is one of the Goldman Sachs AI Stocks: Top 12 Stocks to Buy. On March 5, 2026, Reuters, citing a Bloomberg story, reported that Oracle Corporation (NYSE:ORCL) aims to lay off thousands of jobs as mounting costs from its artificial intelligence data center development strain its finances. The job cuts may begin as early as March 2026 and will touch numerous divisions, including roles that are likely to shrink due to AI adoption. The corporation is also reconsidering open roles ...