Episode Details

Oracle on Tuesday conducted a round of layoffs affecting thousands of employees, citing “current business needs,” according to multiple reports, resulting in a rise in the software maker’s stock as it plans to ramp up spending on AI this year.

KEY FACTS

• Oracle notified thousands of employees they would be cut on Tuesday, CNBC reported, citing people familiar with the move.
• It’s not immediately clear why the employees were let go, though a company memo obtained by Business Insider cited “careful consideration of current business needs.”
• Oracle employed 162,000 people as of May 2025, the last time the company reported employment figures, according to a Securities and Exchange Commission filing.
• Shares of Oracle rose by 2.5% as of noon Tuesday, marking positive traction for the stock that has declined more than 27% this year.
• An Oracle spokesperson declined to comment on the layoffs to Forbes.

Read the full story on Forbes: ByTy Roush https://www.forbes.com/sites/tylerroush/2026/03/31/oracle-fires-thousands-of-employees-as-ai-spending-ramps-up-shares-rise-2/

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