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Oracle Begins New Layoffs Amid $2.8 Billion Restructuring Plan
Oracle is laying off some workers as part of a company reorganization.
Some employees were told that the day they received the email was their last working day.
The email said eligible workers could receive severance pay after completing termination paperwork.
Their access to computers, email, and company files would be turned off soon.
Oracle also asked them to provide personal email addresses for follow-up information.
The company increased its restructuring budget to $2.8 billion for fiscal 2026.
Much of the added money is intended for severance and leaving some facilities.
At the same time, Oracle is spending heavily to build data centers for artificial-intelligence customers, including OpenAI.
Oracle employees were told their roles were eliminated and that the day of notification was their last working day.
The termination email said eligible employees could receive severance after signing paperwork.
Employees were instructed to provide personal email addresses and warned that access to Oracle systems would soon be deactivated.
Oracle increased its fiscal 2026 restructuring budget from $2.1 billion to $2.8 billion.
The added costs come as Oracle expands data-center capacity for artificial-intelligence workloads, while reporting $5.4 billion in negative cash flow during its latest quarter.
- Who
- Oracle employees and Oracle, led by Larry Ellison.
- What
- Oracle began another round of layoffs while expanding its fiscal 2026 restructuring plan.
- Where
- The location was not specified in the article.
- When
- The affected employees were told that the day they received the notice was their last working day; the restructuring applies to fiscal 2026.
- Why
- Oracle cited broader organizational changes and current business needs; the company is also expanding data-center capacity for artificial-intelligence workloads.
Key facts
- Company
- Oracle
- Restructuring budget
- $2.8 billion projected for fiscal 2026
- Previous budget
- $2.1 billion
- Budget increase
- $700 million
- Main added costs
- Severance payouts and facility exits
- Latest-quarter negative cash flow
- $5.4 billion
- Data-center customers mentioned
- OpenAI and other major clients
Quotes
Oracle
Company represented by the termination email sent to affected employees
“We are sharing some difficult news regarding your position. 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. We are grateful for your dedication, hard work, and the impact you have made during your time with us,”
businesstoday.in
“After signing your termination paperwork, you will be eligible to receive a severance package subject to the terms and conditions of the severance plan. You will receive an email from DocuSign to your Oracle email address with details on your severance and termination date,”
businesstoday.in
Sources
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