Oracle Lays Off 10,000-30,000 Employees After Strong Q3 Earnings, Reallocating Resources to Data Centers

Oracle has laid off at least 10,000 of its 162,000 employees starting March 31, 2026, with total layoffs potentially reaching 30,000 this year. The cuts came after strong Q3 FY2026 earnings, as the company reallocates resources toward data center infrastructure. Oracle hired a new CFO, Hilary Maxson, with a $950,000 salary, $2.5 million target bonus, and $26 million equity grant. The layoffs highlight how even profitable tech giants are restructuring workforces to fund AI data center buildouts, mirroring similar moves across the industry.