Oracle holds $553 billion in contracted future obligations. On March 31, 2026, at approximately 6:00 am local time, it cut the people responsible for delivering them. Emails signed “Oracle Leadership” reached employees worldwide simultaneously, informing them their positions had been eliminated. The estimate most widely cited is 30,000 employees, approximately 18 percent of Oracle’s global … Continue reading Oracle Is Cutting Up to 30,000 Employees While Carrying $131 Billion in Debt and Running a $50 Billion Capital Plan