Oracle Cut 20,000 People Then Denied Them $1m In Stock To Fund AI Growth

Oracle Cut 20,000 People Then Denied Them $1m In Stock To Fund AI Growth

Oracle's decision to cut around 20,000 jobs worldwide on 31 March has triggered a wave of anger from former staff, who say the company denied them stock awards worth up to $1 million (around £730,000) and offered bare‑bones severance as it doubles down on costly AI infrastructure projects. The mass layoff, communicated via company‑wide emails sent under the banner 'Oracle Leadership,' hit employees across the US, India and other international hu…

Oracle Layoffs 2026: Why Tech Workers Lost Massive RSUs

The Oracle Layoffs of 2026 have reverberated far greater than a typical corporate restructuring. While the loss of jobs was the obvious consequence of Oracle’s quiet elimination of almost 20,000 positions throughout the United States, India and other international markets at the end of March, it was not restricted to lost paychecks.  Thousands of workers...