Oracle cuts 10,000+ jobs as AI data center spending bleeds cash
2026-03-31 · CNBC
Oracle's stock is tanking under the weight of its $300B OpenAI cloud deal, so naturally it's firing the humans to fund the GPUs. Company filings cite 'advancements in AI-driven code generation' enabling 'smaller teams.' Translation: we promised Sam too much compute and now engineers pay for it.