Oracle Layoffs 2026: Why Larry Ellison’s US tech giant is cutting thousands of jobs again after $300 billion OpenAI bet with Sam Altman

Oracle layoffs 2026: US tech giant Oracle is again planning to cut around 30,000 jobs as the company faces a massive cash crunch from a massive ​AI data center expansion effort. Larry Ellison's $300 billion partnership with Sam Altman's OpenAI has reportedly left the company bleeding. Oracle is scheduled to report fiscal third-quarter earnings on March 10.