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Big tech layoffs: Why is Oracle planning to slash 30,000 jobs? | Data centres | Business news

Last Updated: Feb 03 2026 | 11:13 AM IST

US software major Oracle is considering its biggest round of layoffs in years, as financing pressure mounts around its ambitious AI data centre expansion. Banks are retreating, borrowing costs are rising, and the company is now exploring job cuts, asset sales, and new cost-sharing models to stay on track.

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