Tech giant Oracle rocked by another wave of layoffs | Latest Tech News
Oracle staff woke up Monday to a brutal e-mail informing them it might be their last day at the tech giant in its latest spherical of layoffs.
The tech giant despatched out termination emails at 6 a.m., citing “broader organizational change” as the explanation for the layoffs.
“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. As a result, today is your last working day,” the layoff e-mail read, reported Business Insider.
Larry Ellison’s tech-giant company Oracle decreased its workforce by 21,000 in the 2026 fiscal 12 months that ended May 31. Getty Images
Oracle ended up spending $1.84 billion on severance and restructuring prices after the job cuts earlier this 12 months. Getty Images
Oracle instructed laid-off staff to immediately signal the termination paperwork to secure their severance packages, according to the report.
Affected staff had been informed that severance eligibility stays subject to the phrases and situations of Oracle’s severance plan, with particular particulars concerning termination dates and compensation packages to be despatched via DocuSign to their company e-mail addresses.
“Access to your computer, email, voicemail, and files will be deactivated soon, and you will be unable to log into your computer. As a reminder, you are prohibited from downloading, copying or retaining (including emailing yourself any Oracle confidential information),” the alleged e-mail read.
Oracle generated US$57 billion in income in the financial 12 months 2025, pushed by a workforce of 141,000 staff. GC Images
It’s the company’s third spherical of workforce reductions this 12 months. Earlier this 12 months in August, Business Insider reported that choose groups had been bracing for double-digit proportion headcount reductions.
A source with direct information told the outlet that managers had been instructed to submit lists of impacted staff to trim payroll forward of the company’s second quarter, which started September 1.
Oracle already eradicated 21,000 full-time jobs — roughly 13% of its global workforce — during fiscal 12 months 2026, which ended May 31. The company attributed the cuts to restructuring, efficiency points, strategic shifts and acquisitions, while spending $1.84 billion on severance and restructuring.
Despite taking on substantial debt, Oracle reported US$57 billion in income for fiscal 12 months 2025. According to the company’s web site, that efficiency was powered by a global workforce of 141,000, which incorporates 29,000 consulting consultants and over 18,000 buyer help specialists talking more than 20 languages.
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