Oracle is laying off up to 30,000 employees globally in a strategic pivot towards AI and cloud infrastructure, despite strong revenue. The company is reallocating resources from traditional roles to fund massive data center projects and manage significant debt.

American technology major Oracle Corporation’s decision to part ways with 30,000 employees globally—almost 19% of its total workforce—has sent shockwaves through the organization.

Employees are understood to have received termination emails informing them that their roles had been eliminated as part of organisational restructuring, with some accounts indicating that notificatio...