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+---- Thread: Oracles $10 Billion Bet On AI Sends Shares Down 57% And 30,000 Workers Out The Door (/showthread.php?tid=6323211)
Oracles $10 Billion Bet On AI Sends Shares Down 57% And 30,000 Workers Out The Door - Μinimalist - Apr 2, 2026
Oracle stock has taken a brutal plunge — losing 57% of its value since hitting a 52-week high of $345.72 last September.
On March 31, bad news spread to Oracle employees when the company announced plans to slash up to 30,000 jobs — nearly 19% of its global workforce.
Summary
- Oracle's stock plummeted 57% and 30,000 jobs were cut to fund massive AI data center investments, driven by a severe cash crunch.
- This cash shortage is exacerbated by Oracle's cloud unit operating at a low 14% gross margin, far below competitors, and rising capital expenditures.
- Increased borrowing costs and lender reluctance for AI buildouts, coupled with a significant backlog tied to a struggling OpenAI, suggest a bearish outlook and potential further stock decline.
https://www.forbes.com/sites/petercohan/2026/04/01/oracles-10-billion-bet-on-ai-sends-shares-down-57-and-30000-workers-out-the-door/