Oracle has begun cutting thousands of jobs across its business lines as it ramps up spending on AI data centers, according to The Wall Street Journal.
Affected workers in the U.S. and India said they received early morning emails informing them their roles were eliminated. The company did not disclose the total number of job cuts, though analysts at investment bank TD Cowen previously projected as many as 30,000.
The layoffs come as Oracle invests heavily in data centers, including its Stargate partnership with OpenAI, amid investor concerns over rising debt and uncertain returns.
Oracle disclosed in a regulatory filing that it would spend $500 million more than expected on restructuring costs in the current fiscal year, the paper said.
Oracle employed 162,000 people as of the latest reported count.