Tech giant Oracle to slash more jobs to fund AI plans | Latest Tech News
Another wave of layoffs is looming for shell-shocked Oracle staff as the company prepares its second spherical of cuts this yr while pouring billions into artificial intelligence infrastructure, according to a report.
Some groups may face double-digit share job cuts, according to Business Insider. A source with direct data told the news outlet that managers have been requested to submit lists of impacted staff, with the objective of trimming payroll before Q2 begins on Sept. 1.
While the job cuts continue, Oracle is doubling down on its AI investment, having spent $55.7 billion on data facilities in fiscal 2026 — a 163% increase from $21.2 billion in fiscal 2025.
Tech-giant Oracle eradicated 21,000 full-time roles earlier this yr. Getty Images
Oracle, helmed by CEO Larry Ellison, is wanting to cut worker prices as it grapples with roughly $117 billion in high-grade company debt, making it the market’s largest non-financial bond issuer, according to Investing.com.
“The adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce,” the company said earlier this yr.
Oracle already eradicated 21,000 full-time jobs — roughly 13% of its global workforce — during fiscal 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.
In April, former Oracle worker Nina Lewis accused the tech giant of concentrating on staff “with outstanding stock options” in layoffs as the company reportedly handed its new CFO a $26 million stock package deal.
Larry Ellison’s Oracle cited management and product restructuring as causes for the job cuts duringfiscal yr 2026 AP
Laid-off staff immediately forfeited their unvested stock, according to Marketwise, though their vested stock remained accessible.
Despite a big unhealthy debt, Oracle generated US$57 billion in income in the financial yr 2025, pushed by a workforce of 141,000 staff, according to the company’s web site. Its intensive infrastructure consists of over 18,000 buyer help and service specialists fluent in more than 20 languages, alongside 29,000 consulting specialists.
Oracle ended up spending $1.84 billion on severance and restructuring prices after the job cuts earlier this yr. Getty Images
In latest years, Oracle has develop into one of the most high-profile firms to go away California, transferring its headquarters from Silicon Valley to Austin in 2020 and then to Nashville in 2024.
Ellison’s son David Ellison, who runs Paramount Skydance, has threatened to go away the Golden State.
The 43-year-old Paramount CEO told his top lieutenants last week that his company would relocate to Tennessee, Texas, Georgia or another state if Bonta refuses to come to the desk in his case opposing Paramount’s $110 billion acquisition of Warner Bros. Discovery.
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