Oracle has initiated a new phase of layoffs , according to three persons affected and an email forwarded to Business Insider.
Oracle’s recent layoffs coincide with its decision to incur tens of billions of dollars in debt to support the expansion of data centers and address the increasing demand for AI computing. Oracle’s workforce decreased by approximately 21,000 employees, representing a 13% decline, during the fiscal year that concluded on May 31, 2026, according to a company filing. Prior to these latest layoffs, the company employed around 141,000 people. Oracle revealed in a regulatory filing that it is increasing its anticipated job cuts by around $700 million, which raises the total projected expense of its 2026 Restructuring Plan to approximately $2.8 billion as the company continues its expensive AI data center expansion. The plan, which received approval during fiscal 2026, includes severance payments, fees for contract terminations, and associated exit costs, with a segment of the reduction associated with Oracle’s implementation of AI across various sectors of its operations.
“As a result, today is your last working day.
“After careful consideration of Oracle’s current business needs, we have made the decision to eliminate your role as part of a broader organizational change,” stated copies of the layoff notification email, as reported by Business Insider. The additional expenses signify “additional actions that we expect to take,” the company stated.
The most recent layoffs come after a larger reduction in the workforce that occurred earlier this year.
