Oracle plans thousands of job cuts to fund A.I. cloud services

Name: Oracle plans thousands of job cuts to fund A.I. cloud services
Uploaded: 2026-03-06T17:08:11Z
Duration: 18 s
Description: Lauren Simonetti reports on Oracle's stock performance and significant upcoming job cuts. According to TD Cowen, Oracle is planning to cut between 20,000 and 30,000 jobs to manage the substantial costs associated with building out their AI cloud services.

Varney & Company · FBN · Mar 6, 2026 · 18s

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Lauren Simonetti reports on Oracle's stock performance and significant upcoming job cuts. According to TD Cowen, Oracle is planning to cut between 20,000 and 30,000 jobs to manage the substantial costs associated with building out their AI cloud services.

Watch Oracle plans thousands of job cuts to fund A.I. cloud services - Varney & Company | FOX One