Oracle has reportedly cut jobs globally as it invests heavily in AI, with estimates suggesting thousands of roles could be affected.

Oracle shares hopped higher on Tuesday after word circulated that the tech titan had begun to notify workers their jobs were being eliminated.

Oracle is laying off up to 30,000 employees globally in a strategic pivot towards AI and cloud infrastructure, despite strong revenue. The company is reallocating resources from traditional roles to fund massive data center projects and manage significant debt.

Oracle, American multinational technology company headquartered in Austin, has reportedly fired around 30,000 employees globally.

India appears to be among the worst-hit markets, with reports indicating that nearly 12,000 employees may have been laid off out of a workforce of around 30,000.

The full extent of the global layoffs is unclear, but those affected include software engineers in Oracle's cloud computing business

While the exact number of job cuts is not yet clear, CNBC, citing "two people familiar with the move," is reporting the numbers are in the thousands.

Tech giant Oracle has laid off thousands of its workforce in massive job cuts that could reportedly impact 30,000 employees globally amid the company’s push to fund more artificial intelligence infrastructure.