Overview
- Oracle employees across the U.S., India, Canada and Mexico reported Tuesday that 6 a.m. emails ended their jobs and cut off system access within minutes.
- Reports place the reduction at 20,000 to 30,000 roles worldwide, with Oracle declining to confirm totals and India widely cited as hard hit at roughly 12,000 though local estimates differ.
- Severance was offered only after signing termination papers, with U.S. packages reported as four weeks of base pay plus one week per year of service capped at 26 weeks, and India packages reported as 15 days per year plus statutory payouts and a two‑month top‑up for voluntary resignation.
- Banks and media tie the move to Oracle’s AI and cloud expansion, with TD Cowen estimating the cuts could free $8–$10 billion in cash as the company raises tens of billions in new debt to build data centers.
- Further rounds may follow within weeks according to multiple reports, and U.S. notices show at least 491 terminations in Washington state, while workers criticized the abrupt, email‑only notifications.