Oracle prepares a new wave of cuts after 21,000 posts abolished and $55.7 billion invested in AI

The group finances its calculation centres by debt while reducing its payroll: some teams would lose more than 10% of their staff this month.

Oracle is about to launch a new series of job deletions, with double-digit percentage reductions in some teams. In fiscal year 2026, the group has already withdrawn approximately 21,000 jobs, reducing its workforce from 162,000 to 141,000, a decrease of about 13%, and providing $1.8 billion in restructuring costs.

The contrast with the investment effort is net: $55.7 billion in capital expenditures over the year, compared to $21.2 billion the previous year. Financing is heavily dependent on debt — about $43 billion raised over the year, an additional 40 billion expected, 5 billion capital — for an operating cash deficit of about $23.7 billion.

Business results are not at issue: revenues increased by 17% to $67.4 billion, and cloud infrastructure grew by 77% year-on-year. This is indeed the gap between the pace of investment and the rate of income that the market must generate, since the share has sold around 26% since the beginning of the year.