Oracle employs around 162,000 globally, with 900 workers situated in Ireland.
Oracle will cut thousands of jobs to funnel funds into its major AI data centre expansion efforts, according to Bloomberg.
The cuts will affect divisions across the company and may come as soon as this month, the publication said. Some of the cuts might target jobs that Oracle needs less due to AI.
Latest data shows that Oracle employs around 162,000 globally, with around 900 workers situated in Ireland.
Last September, the company revealed plans for its largest-ever restructuring, set to cost up to $1.6bn. At the time, Oracle’s Irish arm sent a collective redundancy notification to the Government.
SiliconRepublic.com has contacted Oracle for details on the latest layoffs and its effects in Ireland.
Oracle is one of the world’s largest cloud operators, having cemented itself as a leading AI infrastructure provider tapped by major cloud users, such as OpenAI.
OpenAI has promised Oracle $300bn for its compute power, but, as TechCrunch highlights, much of the promised spending is speculative and highly dependent on the companies’ growth.
Plus, data compiled by Bloomberg shows that Oracle will have negative cash flow on account of the data centre buildout until 2030. The massive AI expenditures have turned Oracle’s cash flow negative last year for the first time since 1992, noted the publication.
Early last month, Oracle said it plans to raise up to $50bn through debt and equity sales to build additional cloud capacity.
The Larry Ellison-led company is also pouring money into OpenAI as part of the major $500bn AI infrastructure build-out called Stargate, while a close relationship with the US government helped it towards a stake of 15pc of the new TikTok USDS entity, as well as control over the platform’s algorithm.
Oracle enjoyed strong investor support in the initial years of the AI boom, which boosted the company stock 61pc in 2024 and 20pc in 2025. The support briefly made Ellison the world’s richest man in September last year.
However, investors have been wary of massive AI spending in recent months, sending Oracle shares down 54pc since September.
Several Big Tech firms have laid off employees over the past year, including Microsoft, which axed thousands, Block, which is cutting around 40pc of its workforce, and Amazon, which has cut more than 30,000 jobs since October.
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Larry Ellison, 2010. Image: Ilan Costica, via Wikimedia Commons (CC BY-SA 3.0)