General · 2 February 2026
Oracle may slash 30000 jobs to fund 156 billion AI push
Oracle considers slashing 20,000 to 30,000 jobs and selling its Cerner unit to generate $8 billion to $10 billion in cash flow. Investment bank TD Cowen reveals the tech giant faces financing hurdles for a massive $156 billion capital expenditure required for OpenAI data centers. US banks reportedly retreated from lending, doubling Oracle's borrowing costs, while Blue Owl Capital declined a $10 billion project.
Reported by CIO · How we write briefs