Oracle Cuts 546 Cloud Engineers While Spending $95 Billion on AI Data Centers

Oracle laid off 546 employees in its America Cloud Infrastructure unit even as that division's revenue grew 121% year over year. Quarterly capex hit $28.5 billion against a $90–95 billion annual outlook for AI data centers, with restructuring costs estimated at $2.8 billion.

• 546 layoffs — about 7.6% of the 7,185 workers covered by the filing
• America Cloud Infrastructure revenue grew 121% year over year
• Oracle quarterly capex reached $28.5 billion, up from $8.5 billion a year earlier
• Restructuring costs are estimated at roughly $2.8 billion