# Oracle plans to cut up to 30,000 jobs globally, nearly 19 per cent of its 162,000 employees.

*business · news · 2026-04-12 · Times Now*

## Key points

- Oracle is laying off up to 30,000 employees globally, its largest workforce reduction ever.
- Oracle's capital expenditure is projected to reach $50 billion in FY26 and may exceed $85 billion by 2029.
- Oracle's debt-to-equity ratio has surged to around 500 percent, far higher than industry peers.
- Oracle's $300 billion, five-year cloud deal with OpenAI creates significant concentration and execution risk.
- Only 10 percent of Oracle's $553 billion contracted revenue is expected to be realized within the next year.

**Companies:** Oracle, OpenAI, SoftBank Group
**Countries:** United States, India

[Read the full story on Times Now](https://www.timesnownews.com/business-economy/companies/how-oracles-massive-ai-expansion-triggered-cash-crunch-and-layoffs-article-154058437)

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