Oracle has begun laying off workers as part of a plan to cut costs and invest in artificial intelligence. The number of job losses is believed to be in the thousands. The company has not confirmed the exact number. The layoffs are part of an effort to reshape its workforce. The move has raised concerns among investors, with shares fluctuating between the past year and recent months, but the company's stock rose after news of the layoffs became public. The restructuring costs could reach up to $2.1 billion in fiscal year 2026.