Oracle Plans Thousands of Layoffs for AI Data Center Buildout; Fund Cuts Stake 11.3%
Oracle plans to cut thousands of jobs across multiple divisions as early as this month to offset soaring AI data center buildout costs. First Trust Advisors trimmed its Oracle stake by 11.3% in Q3, selling 311,093 shares and reducing holdings to 2.43 million shares.
1. Oracle Plans AI Data Center Layoffs
Oracle intends to eliminate thousands of positions across multiple divisions as early as this month to curb rising expenses from its AI data center buildout. The reductions will target roles in engineering, sales and operations as the company seeks to manage infrastructure spending and protect margin profiles.
2. First Trust Advisors Reduces Oracle Stake
In its Q3 Form 13F filing, First Trust Advisors LP trimmed its Oracle position by 11.3%, selling 311,093 shares and bringing total holdings to 2,430,969 shares. The move underscores institutional caution over near-term margin pressures from Oracle’s aggressive AI infrastructure investments.