Oracle plans thousands of layoffs as Morgan Stanley cuts 2,500 jobs
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Layoffs across the technology and finance sectors are continuing, with Oracle reportedly planning thousands of job cuts while Morgan Stanley prepares to reduce its workforce by around 2,500 roles.
Oracle is expected to announce the layoffs as it faces rising costs linked to building data centres that support artificial intelligence workloads.
According to a report by Bloomberg, the reductions could affect multiple divisions across the company and may begin as early as this month. Some of the roles targeted for elimination are believed to be positions the company expects to become less relevant due to AI.
As of May 2025, Oracle employed about 162,000 people worldwide. While the workforce reduction is still in the planning stage, the cuts could affect a significant portion of employees.
The development comes as the company led by Larry Ellison invests heavily in large data centres to support AI workloads for major customers, including OpenAI. Oracle, long known as a database software provider, has been repositioning itself as a major cloud computing and AI infrastructure company.
Reports also indicate the company has begun reviewing open job listings in its cloud division, slowing or freezing hiring in some areas.
Earlier this year, Bloomberg data suggested spending by the cloud unit on data centres could push Oracle’s cash flow negative before the investments begin generating returns. In February, the company said it planned to raise about $50 billion this year through a mix of debt and equity sales.
Separately, Morgan Stanley is set to cut about three percent of its workforce, according to reports from Reuters. The reductions are expected to affect investment banking, trading, wealth management, and investment management divisions, but not financial advisors.
The bank reported a strong and profitable 2025, and the layoffs are said to be tied to strategy and individual performance. Morgan Stanley also plans to add staff in certain areas.