Oracle Cuts 30,000 Jobs to Fund $500 Billion Stargate AI Infrastructure Buildout
Posted on 18th Jul 2026 10:05:39 in Artificial Intelligence, Machine Learning
Tagged as: Oracle, AI infrastructure, Stargate, layoffs, data centers, OpenAI, SoftBank, tech workforce
Oracle is eliminating up to 30,000 positions to redirect capital toward the $500 billion Stargate AI infrastructure partnership with OpenAI and SoftBank, marking the largest workforce reduction in company history.