Oracle Launches RIF Program Amid Concerns Over AI Data Center Costs and Financing Challenges
DATA AND AI INFRASTRUCTURE
Oracle has launched a Reduction in Force program, resulting in approximately 15,000 job losses, primarily due to cash flow issues linked to rising energy costs for new data centers. The company is investing $500 billion in AI-driven Stargate data centers in Texas and Wisconsin, but concerns over its lower credit rating compared to competitors have led to hesitance from lenders, raising doubts about the feasibility of these ambitious projects amid rising financing costs.

Jan 24, 2026, 6:14 AM