# 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.

*genai · news · 2026-03-06 · The Economic Times*

## Key points

- Oracle plans to cut up to 30,000 jobs, marking its largest-ever restructuring.
- Larry Ellison's $300 billion OpenAI partnership has caused significant cash strain at Oracle.
- Oracle's total debt has surpassed $100 billion after rapid borrowing for AI data centers.
- Some job cuts will target roles Oracle expects AI to render redundant across divisions.
- Oracle is considering selling Cerner, its $28.3 billion healthcare software acquisition, to boost liquidity.

**Companies:** Oracle
**Countries:** United States, India, Canada, Philippines

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/news/new-updates/oracle-layoffs-2026-why-larry-ellisons-us-tech-giant-is-cutting-thousands-of-jobs-again-after-300-billion-openai-bet-with-sam-altman/articleshow/129137156.cms)

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