Tech giant Oracle rocked by another wave of – Business News
Oracle staff woke up Monday to a brutal e-mail informing them it will be their final day on the tech giant in its newest spherical of layoffs.
The tech giant despatched out termination emails at 6 a.m., citing “broader organizational change” as the explanation for the layoffs.
“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,” the layoff e-mail learn, reported Business Insider.
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Larry Ellison’s tech-giant company Oracle diminished its workforce by 21,000 within the 2026 fiscal 12 months that ended May 31. Getty Images
Oracle ended up spending $1.84 billion on severance and restructuring prices after the job cuts earlier this 12 months. Getty Images
Oracle instructed laid-off staff to right away signal the termination paperwork to secure their severance packages, in accordance with the report.
Affected staff have been knowledgeable that severance eligibility stays subject to the phrases and circumstances of Oracle’s severance plan, with particular particulars concerning termination dates and compensation packages to be despatched by way of DocuSign to their company e-mail addresses.
“Access to your computer, email, voicemail, and files will be deactivated soon, and you will be unable to log into your computer. As a reminder, you are prohibited from downloading, copying or retaining (including emailing yourself any Oracle confidential information),” the alleged e-mail learn.
Oracle generated US$57 billion in income within the financial 12 months 2025, pushed by a workforce of 141,000 staff. GC Images
It’s the company’s third spherical of workforce reductions this 12 months. Earlier this 12 months in August, Business Insider reported that choose groups have been bracing for double-digit share headcount reductions.
A source with direct data instructed the outlet that managers had been instructed to submit lists of impacted staff to trim payroll forward of the company’s second quarter, which started September 1.
Oracle already eradicated 21,000 full-time jobs — roughly 13% of its world workforce — during fiscal 12 months 2026, which ended May 31. The company attributed the cuts to restructuring, efficiency points, strategic shifts and acquisitions, whereas spending $1.84 billion on severance and restructuring.
Despite taking over substantial debt, Oracle reported US$57 billion in income for fiscal 12 months 2025. According to the company’s web site, that efficiency was powered by a world workforce of 141,000, which incorporates 29,000 consulting specialists and over 18,000 buyer assist specialists talking more than 20 languages.
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