"The layoffs were carried out via email, according to copies of the message viewed by Business Insider. The email told affected workers they would be terminated immediately and to provide a personal email for follow-up."
"Oracle has previously said it reserves most of its spend for 'revenue generating equipment' that builds out datacenter capacity, which returns margins of 30 to 40 percent."
"Big Red has also partnered with OpenAI and SoftBank on the Stargate project, a massive project to build datacenters around the country to help power generative AI models, starting with one in Abilene, Texas."
Oracle has laid off thousands of employees as part of a strategy to ramp up spending on AI infrastructure projects. The layoffs were communicated via email, with immediate termination for affected workers. A forecast suggested that headcount reductions could reach 20,000 to 30,000. Oracle is partnering with OpenAI and SoftBank on a significant datacenter project, with an expected investment of $500 billion. The company plans a major restructuring costing $1.6 billion and anticipates $50 billion in capital expenditures for fiscal 2026.
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