---
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canonical_url: "https://aidr.today/5fb1ad09?lang=en"
title: "Oracle Budgets $700 Million for Staff Cuts After AI Cloud Boom"
lang: "en"
requested_lang: "en"
available_langs: ["en","vi"]
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published_at: "2026-09-12T05:48:38.000Z"
category: "Infra"
topics: ["oracle","chips","infra","industry"]
source_urls: ["https://huggingnews.com/business/update-oracle-budgets-700-million-for-staff-cuts-after-ai-cloud-boom-129ccac4","https://x.com/Katie_Roof/status/2098524394914263484","https://x.com/VestExchange/status/2098403829016662205","https://x.com/Beth_Kindig/status/2098418784897806452","https://x.com/RHouseResearch/status/2098403634593608038","https://x.com/CNBC/status/2098450024652808440"]
summary: "Oracle is preparing a new round of workforce reductions across its global operations. A recent disclosure shows the company allocated $700 million for severance costs, marking an increase in staffing cuts. This restructuring occurs as the software giant shifts internal resources to accelerate the construction of data centers for artificial intelligence. First quarter revenue grew 30% to $19.3 billion, exceeding analyst expectations. Oracle reported a record remaining performance obligation of $664 billion after booking $30 billion in new AI cloud contracts that required no additional capital. Quarterly capital spending tripled to $28.5 billion to deliver more than 300,000 GPUs to customers since the end of the previous quarter."
---

# Oracle Budgets $700 Million for Staff Cuts After AI Cloud Boom

> [Open the canonical story](<https://aidr.today/5fb1ad09?lang=en>)

**Published:** 2026-09-12T05:48:38.000Z
**Category:** Infra
**Topics:** oracle, chips, infra, industry

## Summary

Oracle is preparing a new round of workforce reductions across its global operations\. A recent disclosure shows the company allocated $700 million for severance costs, marking an increase in staffing cuts\. This restructuring occurs as the software giant shifts internal resources to accelerate the construction of data centers for artificial intelligence\. First quarter revenue grew 30% to $19\.3 billion, exceeding analyst expectations\. Oracle reported a record remaining performance obligation of $664 billion after booking $30 billion in new AI cloud contracts that required no additional capital\. Quarterly capital spending tripled to $28\.5 billion to deliver more than 300,000 GPUs to customers since the end of the previous quarter\.

## Sources

- [Story source](<https://huggingnews.com/business/update-oracle-budgets-700-million-for-staff-cuts-after-ai-cloud-boom-129ccac4>)
- [Story source](<https://x.com/Katie_Roof/status/2098524394914263484>)
- [Story source](<https://x.com/VestExchange/status/2098403829016662205>)
- [Supporting source](<https://x.com/Beth_Kindig/status/2098418784897806452>)
- [Supporting source](<https://x.com/RHouseResearch/status/2098403634593608038>)
- [Supporting source](<https://x.com/CNBC/status/2098450024652808440>)