Oracle has started laying off staff as of March 31, 2026, in an effort to reduce costs. Employees began receiving notifications early Tuesday, with reports indicating that the layoffs are affecting thousands of workers globally.
As of May 2025, Oracle employed approximately 162,000 full-time employees. The layoffs are reported to impact various divisions, including Oracle Health, Sales, Cloud, Customer Success, and NetSuite.
According to Bloomberg, the company could potentially cut between 20,000 to 30,000 jobs across its divisions. This move comes as Oracle’s stock price has decreased by 26% this year, raising concerns about its financial health.
In its most recent earnings report, Oracle announced earnings per share of $1.79 and revenue of $17.19 billion. The company has also been planning significant investments, including a $50 billion fundraising initiative aimed at enhancing its AI infrastructure.
In a notification email sent to affected employees, Oracle stated, “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.” This message underscores the scale of the cuts and the company’s focus on restructuring.
Oracle executives have noted that the company is “very, very good” at cost-cutting, which may explain the aggressive approach to layoffs. The cuts appear to be global, with reports suggesting that thousands could be affected.
Historically, Oracle moved its corporate headquarters to Austin in 2020, a shift that marked a significant change in its operational strategy. The company’s recent actions reflect ongoing challenges in the tech industry and the need for companies to adapt to changing market conditions.
Details remain unconfirmed regarding the exact number of employees affected by the layoffs. As Oracle continues to navigate these changes, observers are closely monitoring the situation for further developments.
