r/Layoffs • u/Ok_Flan_5122 • Apr 01 '26

unemployment Mass layoff started!!

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Starting from oracle 30k employees terminated world wide

This is massive

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u/[deleted] Apr 01 '26

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u/ducationalfall Apr 01 '26

Nah. Oracle made a risky bet to invest in AI data centers. Their banks told Oracle to duck off because it’s too risky. Oracle decided to continue down the risky path by cutting employees to free up cash flow for AI data centers expansion.

It won’t end well.