Saturday, 7 March, 2026
Oracle Reportedly Preparing Widespread Layoffs Amid Negative Cash Flow
By TechShots Studio
Oracle is planning significant job cuts across multiple divisions as the company grapples with mounting financial pressure from its massive AI data center expansion. Heavy spending to support high-profile partnerships with OpenAI, Meta, and xAI has driven the company into negative cash flow, prompting a re-evaluation of its workforce. The layoffs are expected to affect roles potentially impacted by AI automation.
Read full story at Financial Express