截至 2025 年 5 月底，Oracle 约有 16.2 万名员工。投资者最初奖励其向云端转型：Oracle 股价在 2024 年上涨 61%，在 2025 年再涨 20%，但随着支出上升，市场情绪转弱。自 2025 年 9 月高点后，股价到周三收盘累计下跌 54%，且在裁员消息发布后又下跌 1.5%，报 150.12 美元。彭博社数据显示，云和数据中心支出的高前期投入预计会使 Oracle 在未来几年现金流维持负值，经济回报在 2030 年后才有望显现。
为支持这一战略，Oracle 上月表示计划通过举债和增发筹资，规模高达 500 亿美元。9 月的一份文件披露，本财年（截至次年 5 月）的重组计划可能高达 16 亿美元，且包含遣散费，金额明显高于以往。同一文件显示，公司计划将于周二公布财年第三季度财报。此轮裁员也与更广泛的科技行业趋势一致：微软去年因 AI 与数据中心支出上升裁员约 15,000 人；Block 上周宣布计划裁减近一半员工，联合创始人 Jack Dorsey 将其归因于 AI 提升效率。
Oracle Corp. is reportedly preparing to cut thousands of jobs because a huge AI-driven data center expansion has created a cash squeeze. Sources said the layoffs, potentially starting this month, may span many divisions, with some roles reduced where AI automation is expected to lower demand. The move comes as Larry Ellison’s Oracle has accelerated its shift from database software toward AI-centered cloud infrastructure for clients such as OpenAI, with the goal of challenging Amazon.com and Microsoft. The company also sent an internal notice this week that many job openings in its cloud unit are under review, effectively pausing new hiring.
Oracle had about 162,000 employees at the end of May 2025. Investors initially rewarded the cloud shift as shares rose 61% in 2024 and a further 20% in 2025, but sentiment weakened as spending climbed. Since the September 2025 high, the stock is down 54% at Wednesday’s close and fell a further 1.5% after the layoff report to $150.12. Bloomberg data indicate that near-term cloud data center investment could keep Oracle’s cash flow negative for several years, with payback expected only after 2030.
To fund the plan, Oracle said last month it could raise as much as $50 billion through debt and equity sales. A filing in September said this fiscal year’s restructuring, ending in May, could cost up to $1.6 billion including severance, far above prior plans. Oracle is expected to report fiscal Q3 results on Tuesday. The layoffs fit a broader industry pattern: Microsoft cut about 15,000 employees last year amid rising AI and data-center costs, and Block announced it would cut nearly half its workforce, with co-founder Jack Dorsey citing AI-driven productivity gains.