Oracle increases layoffs plan by $700 million amid data center cash crunch

Sep 11, 2026

Oracle Corp. has expanded its planned job cuts by $700 million as it grapples with a cash crunch driven by its massive artificial intelligence data center buildout. Despite these funding pressures, the company's cloud infrastructure revenue grew 120%, bringing 850 megawatts of capacity online. Meanwhile, Oracle disclosed a share trading plan allowing Chairman Larry Ellison to sell 50 million shares, valued at $8.75 billion in June 2026, amid a subsequent 16% decline in share price.

Oracle layoffs expansion

▪Oracle Corp. increased the scale of its planned job cuts by $700 million, according to a regulatory filing disclosed on September 11, 2026
▪Oracle Corp. expanded its planned layoffs while grappling with a cash crunch tied to the development of large-scale data centers for artificial intelligence work

AI data center cash crunch

▪Oracle Corp. brought approximately 850 megawatts of new capacity online to support its artificial intelligence infrastructure buildout
▪Oracle Corp. expanded its planned layoffs while grappling with a cash crunch tied to the development of large-scale data centers for artificial intelligence work

Larry Ellison share sale plan

▪Oracle Corp. Chairman Larry Ellison owns approximately 40% of the company's stock
▪Oracle Corp. disclosed a share trading program adopted on June 22, 2026, that permits Chairman Larry Ellison to sell 50 million shares of Oracle Corp. stock through October 24, 2026
▪Oracle Corp. shares closed at $175.07 on June 22, 2026, and declined 16% from that date through September 11, 2026

Cloud infrastructure revenue growth

▪Oracle Corp.'s cloud infrastructure revenue grew by 120%, helping to ease concerns regarding the company's massive artificial intelligence infrastructure buildout
▪Stefan Slowinski, the Global Head of Software Research at BNP Paribas, stated that Oracle Corp.'s upcoming Financial Analyst Day will be key for understanding the returns and financing behind its artificial intelligence expansion
▪Stefan Slowinski, the Global Head of Software Research at BNP Paribas, stated that Oracle Corp. is moving toward positive free cash flow, creating a more constructive setup for the company