Oracle may slash up to 30,000 jobs to fund AI data-center expansion as US banks retreat
Summary
Oracle is considering cutting 20,000–30,000 jobs and may sell Cerner to fund its AI data-center expansion as US banks retreat from financing. The move aims to unlock cash flow but faces higher borrowing costs and a slowdown in data-center deals, prompting BYOC and upfront-deposit strategies. Analysts caution that financing constraints could affect Oracle’s execution and push enterprises toward multi-cloud approaches.