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<\/figure>\n\n\n\nOracle\u2019s restructuring comes as major technology companies shift resources toward artificial intelligence and cloud infrastructure. Amazon and Meta have also announced large layoffs this year, part of what analysts describe as a \u201conce-in-a-generation revolution\u201d in Silicon Valley as AI systems take on coding, office work and customer support.<\/p>\n\n\n\n
Shares in Oracle fell 5% overnight amid a broader sell-off in tech stocks that also hit Google and SpaceX. The company\u2019s share price has dropped nearly a third in the past year, pressured by heavy debt linked to expansion plans.<\/p>\n\n\n\n
Oracle has pledged to invest S70 billion in AI data centers over the next year and has a S300 billion deal to provide data services to OpenAI, the maker of ChatGPT. The company said it will continue to \u201cbalance resources\u201d as its cloud and AI businesses grow.<\/p>\n\n\n\n
Larry Ellison, Oracle\u2019s billionaire co-founder and chief technology officer, remains the company\u2019s largest shareholder. At 81, he has also expanded his influence in Hollywood, with his son David Ellison leading Paramount after a debt-fueled S111 billion deal to acquire Warner Bros Discovery.<\/p>\n\n\n\n The layoffs highlight the global tension between technological innovation and employment. While AI promises efficiency and new business opportunities, governments and labor groups warn of rising job insecurity and the need for retraining programs to protect workers displaced by automation.<\/p>\n\n\n\n International observers say Oracle\u2019s cuts reflect a broader trend in the global tech industry, where companies are racing to build AI infrastructure while reducing traditional staff costs. Analysts note that similar moves in Europe and Asia could intensify debates over how governments regulate AI adoption and protect workers.<\/p>\n\n\n\n Labor unions in the United States have already called for stronger safeguards, arguing that mass layoffs tied to automation risk deepening inequality. Economists warn that while AI investment may create new roles in data science and engineering, the transition could leave millions of office and support workers vulnerable.<\/p>\n\n\n\n Oracle\u2019s spokesman said the company will \u201ccontinually balance our resources and restructure our development group to help ensure we have the right people delivering the best cloud and AI products to our customers around the world.\u201d<\/p>\n\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" SAN FRANCISCO (FN) \u2014 Oracle is one of the world\u2019s largest software and cloud computing companies. Founded in 1977 by Larry Ellison and partners, it specializes in database software, enterprise applications, and cloud infrastructure. Oracle provides services to governments, businesses, and organizations globally, helping them manage data, run applications, and build digital systems. Oracle has […]<\/p>\n","protected":false},"author":11,"featured_media":33833,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3699,4,5],"tags":[20089,20084,20087,20088,20083,20085,20082,20090,20086],"class_list":["post-33832","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-africa","category-featured","category-international","tag-ai-data-centers-expansion","tag-artificial-intelligence-replacing-workers","tag-chatgpt-openai-oracle-partnership","tag-global-technology-employment-trends","tag-larry-ellison-oracle-layoffs","tag-oracle-cloud-computing-investment","tag-oracle-job-cuts-2026","tag-oracle-severance-costs-restructuring","tag-tech-industry-restructuring-silicon-valley"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.funminews.com\/wp-content\/uploads\/2026\/06\/AA26kgOX.jpg?fit=768%2C480&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/posts\/33832","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/comments?post=33832"}],"version-history":[{"count":2,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/posts\/33832\/revisions"}],"predecessor-version":[{"id":33837,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/posts\/33832\/revisions\/33837"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/media\/33833"}],"wp:attachment":[{"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/media?parent=33832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/categories?post=33832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/tags?post=33832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"https:\/\/i0.wp.com\/www.funminews.com\/wp-content\/uploads\/2026\/06\/artificial-intelligence-1.webp?fit=1024%2C683&ssl=1\")
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