It looks like Oracle already has plans to spend the money it supposedly saved after its recent spate of mass layoffs. A source familiar with the matter said on Wednesday that data center developer Related Digital is closing in on $16 billion of financing for an Oracle data center in Michigan.
“We are proud of the rapid progress that’s been made both in financing and developing our data center in Saline Township, Michigan,” an Oracle spokesperson said in a statement.
READ: ‘Today is your last working day’: Oracle cuts 30,000 jobs globally, 12,000 in India; Another round expected (April 1, 2026)
As per Reuters, OpenAI, Oracle and Related Digital in October announced that they are building a data center campus of more than 1 gigawatt in Saline Township, Michigan, as part of their Stargate push to expand U.S. AI infrastructure capacity.
The full construction in Saline Township commenced in February and financing is expected to be finalized shortly, Related Digital said in a statement.
READ: ‘I was let go from Oracle’: US employee reflects on 12-year journey, turns #OpenToWork (April 2, 2026)
In 2026, Oracle began a significant workforce reduction, with reports indicating that supposedly up to 30,000 employees worldwide could be affected, making it one of the largest layoffs in the company’s history. The cuts impact multiple regions, including the United States, India, and other international offices, affecting a variety of roles across the organization. Oracle’s global workforce before the layoffs was approximately 162,000, meaning the reductions could amount to roughly 18% of total employees.
The layoffs are part of a broader corporate restructuring aimed at reallocating resources toward artificial intelligence (AI), cloud infrastructure, and other strategic technology initiatives. Oracle is investing heavily in AI-focused data centers and cloud products, reflecting the company’s shift in focus to remain competitive in a fast-evolving tech landscape.
Employees affected by the layoffs have shared experiences online, with reports of early-morning email notifications and limited advance warning, prompting emotional responses and discussions about corporate communication practices. Some anecdotal accounts suggest that certain roles or equity-rich employees may have been disproportionately affected, though this has not been officially confirmed.
Oracle’s recent actions illustrate a broader shift in the technology sector, where major corporations are simultaneously streamlining workforce operations while aggressively investing in emerging technologies such as artificial intelligence and cloud infrastructure. The juxtaposition of large-scale layoffs with multi-billion-dollar data center projects reflects the increasingly strategic nature of capital allocation, where companies prioritize long-term technological competitiveness over short-term employment continuity.