Oracle has announced its largest workforce reduction in company history, eliminating up to 30,000 positions, roughly 18% of its global employees, to fund its AI data centre expansion. The restructuring supports a $300 billion partnership with OpenAI to build 4.5 gigawatts of Stargate data centre capacity, despite Oracle carrying over $100 billion in debt and negative free cash flow. The move is part of a broader technology sector trend of workforce reductions tied to AI infrastructure spending.
