Oracle is considering cutting 20,000 to 30,000 jobs and selling assets, including its healthcare software unit Cerner, as US banks pull back from financing the company’s AI‑driven data‑center expansion, according to a news report.

The potential job cuts could free up USD 8bn-USD 10bn in cash flow, while a Cerner sale would further reduce capital needs. TD Cowen said equity and debt investors are increasingly questioning Oracle’s ability to fund its infrastructure buildout, which it estimates requires USD 156bn in capital expenditure.

Oracle has raised about USD 58bn in debt in recent months for projects in Texas, Wisconsin and New Mexico, but lenders remain reluctant to provide additional funding, according to the report, which cites TD Cowen.

To reduce capital intensity, Oracle has begun requiring 40% upfront customer deposits and is exploring “bring your own chip” arrangements that shift hardware costs to clients. TD Cowen said workforce reductions and BYOC models appear the most likely path forward, though both carry execution risks.

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