All articles tagged with #oracle layoffs
Oracle is cutting jobs in its cloud division to fund massive AI infrastructure spending. A leaked document shows 546 cloud infrastructure roles were eliminated, with developers and managers hit hardest. The company expects to spend $90-$95 billion on data centers this year.
Oracle is executing a new round of layoffs to fund its artificial intelligence infrastructure expansion, with affected employees facing a severance cap of 26 weeks and the cancellation of unvested stock awards. The company has shed 21,000 workers in the past fiscal year while increasing debt to build data centers. Recent internal documents outline strict terms for departing staff, including forfeited bonuses and limited windows to exercise vested options, marking a significant cost-cutting measure that contrasts with more generous severance packages offered by competitors like Microsoft and Salesforce.
Oracle initiated a new round of US layoffs on September 14, 2026, offering affected employees four weeks of base salary plus one week for each year of service, capped at 26 weeks. This severance package is notably less generous than those offered by peers like Microsoft and Salesforce. The cuts follow a fiscal year in which Oracle reduced its workforce by 21,000 and increased capital expenditure to $28.5 billion to fund AI infrastructure, despite negative free cash flow.