Oracle Is Firing 30,000 People to Pay for AI It Hasn’t Built Yet
Towards AI
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Generative AI
AI Hardware
If your company is “pivoting to AI,” your job might be funding the pivot. One desk. One cut badge. And a data center full of chalk outlines where the servers were supposed to go. Made By Author. On February 27, 2026, OpenAI closed the largest private funding round in history: $110B, backed by Amazon, Nvidia, and SoftBank. Six days later, Oracle confirmed it would cut thousands of workers to manage what Bloomberg called “a cash crunch from a massive AI data center expansion effort”. One company raised money than the GDP of Morocco.