Oracle Corp. (NYSE: ORCL) is laying off employees across its cloud infrastructure division this week, affecting workers in the United States, India and Canada as the software giant reshapes operations while investing heavily in artificial intelligence.
The job cuts target Oracle Cloud Infrastructure teams, including enterprise engineering, data center operations and AI development groups, according to multiple reports and employee accounts. The company has not disclosed the total number of affected positions.
Oracle filed notice with Washington state that 161 workers in its Seattle operations would be eliminated. Reports indicate similar cuts are occurring at facilities across the three countries, with some employees describing minimal explanation from management during termination meetings.
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The layoffs represent the latest in a series of workforce reductions at Oracle. The company previously cut several hundred cloud division jobs in November, followed by thousands of additional positions across various units in March.
Oracle shares have surged 52% this year to record highs, driven partly by a $30 billion annual contract to provide cloud services to OpenAI. The company is simultaneously expanding AI data center capacity while controlling costs in other areas.
“These types of restructurings have resulted, and may in the future result, in increased restructuring costs and temporarily reduced productivity,” Oracle stated in a June regulatory filing, describing such organizational changes as routine.
The cuts come as Oracle competes with Amazon Web Services, Microsoft Azure and Google Cloud for market share in the rapidly growing cloud computing sector. Oracle employs approximately 160,000 people globally.
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