Oracle Told Staff on Monday that Monday Was Their Last Working Day
Some teams could see cuts of more than 10% as Oracle trims payroll to fund tens of billions of dollars in AI data center debt.
- On Monday, Oracle began a new round of layoffs, notifying affected staff their roles were eliminated "as part of a broader organizational change" and that "today is your last working day," two working days after Friday's disclosure of $700m in additional restructuring reserves.
- After spending $55.7bn on data centers last year, Oracle forecasted $90 billion to $95 billion for fiscal 2027 to meet surging AI demand, prompting payroll cuts to offset massive infrastructure debt accumulation.
- Internal documents show some teams face double-digit percentage reductions, while employees confirmed cuts on LinkedIn, Reddit, and Blind on Monday, following a 13% workforce decline of approximately 21,000 employees in the prior fiscal year.
- Oracle expanded its restructuring reserve to around $2.8bn with a $700m addition on Friday, while Analysts at TD Cowen estimate annual payroll savings of $8bn to $10bn, though the company declined to disclose affected headcount.
- Wall Street investors doubt whether cloud growth will generate sufficient cash flow to cover Oracle's rising debt, while roughly two-thirds of the 141,000-person workforce operates outside the United States, requiring compliance with the EU Collective Redundancies Directive's mandatory 30-day standstill period.
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Oracle told staff on Monday that Monday was their last working day
Oracle began another fresh round of layoffs on Monday. Three affected employees and a copy of the notification email described the round to Business Insider, which reported that staff were told their role had been eliminated “as part of a broader organizational change” and that “today is your last working day”. Posts from people saying […] This story continues at The Next Web
Oracle Layoffs Begin Amid Rising AI Data Centre Costs | 📲 LatestLY
Oracle has begun a fresh round of layoffs as it restructures operations while increasing spending on AI infrastructure. The cuts follow an estimated 21,000-job reduction, or 13% of its workforce, in the previous fiscal year. Oracle’s rising data centre investments and debt obligations have increased pressure to streamline costs and protect margins. 📲 Oracle Layoffs Begin Amid Rising AI Data Centre Costs.
Business Insider
BizTocOracle begins a new round of layoffs
Oracle has started a new round of layoffs amid AI investment debt concerns.
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