Sources: Oracle is cutting thousands of jobs in its latest layoffs as the company continues to ramp AI spending; as of May 2025, Oracle employed 162,000 people (Jordan Novet/CNBC)

Jordan Novet / CNBC: Sources: Oracle is cutting thousands of jobs in its latest layoffs as the company continues to ramp AI spending; as of May 2025, Oracle employed 162,000 people - Software maker Oracle has started telling employees that it's conducting a round of layoffs, two people familiar with the move told