# Analysts suggest these reductions are part of a larger restructuring to finance artificial.

*business · news · 2026-04-10 · The Economic Times*

## Key points

- Oracle is laying off about 700 employees in California and 491 in Seattle by June 1.
- Analysts predict Oracle could eventually cut up to 30,000 jobs to fund AI infrastructure projects.
- Oracle filed for 3,126 H-1B worker petitions in 2025 and 2026 despite ongoing layoffs.
- Oracle's revenue rose 22% to over $17 billion in its fiscal third quarter despite job cuts.
- Hilary Maxson was appointed as Oracle's new chief financial officer this week.

**Companies:** Oracle, Qualcomm, Meta, Google, Amazon
**Countries:** United States

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/news/international/us/oracle-cuts-700-jobs-in-first-wave-fears-grow-of-massive-layoffs-that-could-hit-30000/articleshow/130170530.cms)

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