Enterprise software giant Oracle is reportedly planning to ax thousands of jobs due to mounting financial pressure from its aggressive push to build AI-focused data centers. STANLEY BLACK & DECKER TO CUT HUNDREDS OF JOBS, SHUT CONNECTICUT PLANTThe job cuts will span divisions across the company, focusing on roles Oracle expects to need less of due to AI, Bloomberg reported. Ticker Security Last Change Change % ORCL ORACLE CORP. 151.56 -1.40 -0.92%GET FOX BUSINESS ON THE GO BY CLICKING HEREThe upcoming layoffs at Oracle are expected to be much larger and more extensive than the company’s usual smaller routine job cuts. Oracle reportedly told internal teams it would reassess many open positions in its cloud division while evaluating which roles are still necessary. However, planning for the workforce reductions is still ongoing and could change, Bloomberg reported.

Source: Fox News March 09, 2026 15:58 UTC