All Content from Business Insider | Oracle lays off employees as it curbs costs during AI buildout by Ashley Stewart,Hugh Langley Oracle CEO Larry Ellison.Anna Moneymaker/Getty Images Oracle laid off some employees on Tuesday, according to two employees and LinkedIn posts.The cuts come as Oracle is trying to cut costs.The company's stock has dropped nearly 30% this year as AI fears have driven a software sell-off.Oracle started laying off employees on Tuesday, according to two affected workers and several social media posts. The cuts appear to have affected employees globally, but the full extent of the layoffs could not be immediately learned. Several people posted on LinkedIn on Tuesday to announce they had been impacted by the layoffs. Read the original article on Business Insider Read more: https://www.businessinsider.com/oracle-layoffs-employees-costs-ai-buildout-job-cuts-2026-3 #ai #data-center #enterprise #layoffs #oracle