Oracle axes over 700 workers — the first wave in a bloodbath that could engulf thousands across California | Latest Tech News
The initial wave of a huge bloodbath at Oracle has begun to show up in public filings — with 700 workers anticipated to lose their jobs by June 1, according to California state information.
The software program giant headed by billionaire Larry Ellison will cut 310 workers in Redwood City, 184 in Santa Clara, 158 in Pleasanton and 50 in Santa Monica.
The statewide tally of roughly 700 job cuts, in addition to 491 firings in Seattle, is a component of the software program maker’s lately announced bloodbath that is reportedly in the thousands of jobs.
Executive Chairman and co-founder Larry Ellison’s Oracle could doubtlessly axe 30,000 workers, according to analysts. Bloomberg via Getty Images
Analysts at investment bank TD Cowen predicted earlier this yr that Oracle could cut up to 30,000 workers and promote some of its belongings amid a push to finance AI infrastructure initiatives.
The company had 162,000 global staff as of May 2025.
Oracle’s cuts are half of a broader tech layoff frenzy.
The first three months of 2026 noticed tech corporations dump 52,050 workers — a 40% leap from the same period last yr, government teaching firm Challenger, Gray & Christmas said in a report, with artificial intelligence more and more being blamed for the cuts.
In addition to Oracle, the state filings show that chip stalwart Qualcomm will lay of 67 workers in San Diego by late May and Meta will say goodbye to almost 200 workers in Silicon Valley over the same time period.
Companies in California planning a mass layoff, plant closure or relocation are required to present advance discover.
The broader tech layoffs have already precipitated unemployment charges to spike in the San Francisco Bay Area in January, according to a report in the San Francisco Chronicle.
Tech giants like Meta, Google and Amazon have also cut jobs this yr, even as they invest billions in artificial intelligence.
Oracle will lay off 310 workers in Redwood City, 184 in Santa Clara, 158 in Pleasanton and 50 in Santa Monica. REUTERS
Oracle’s handling of the layoffs have already sparked outrage on social media after data surfaced that it had filed for roughly 3,126 petitions to make use of H-1B workers in fiscal years 2025 and 2026, according to U.S. Citizenship and Immigration Services data, The Post reported earlier this month.
Employers must submit the paperwork when searching for to make use of international workers in specialty occupations like technology.
Oracle moved its headquarters from Silicon Valley to Austin in 2020 and then Nashville in 2024, serving to spur what has since change into a tech exodus from California.
Still, the company has stored a large quantity of workers in the Bay Area.
Last month, the company reported strong earnings, with income up 22% to over $17 billion in the fiscal third quarter ending Feb. 28, in contrast to the prior yr.
This week, Oracle employed Hilary Maxson as its new chief financial officer from Schneider Electric.
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