Overview
- Oracle began a fresh round of layoffs on Monday, with multiple employees reporting early‑morning termination emails that made the day of notice their last working day.
- Affected staff described losing system access before or as notifications arrived and internal documents showed some teams facing double‑digit percentage reductions.
- The layoffs come after Oracle disclosed $28.5 billion in first‑quarter capital spending and maintained a full‑year capex forecast of $90 billion to $95 billion to expand AI and data‑center capacity.
- The company told regulators it added about $700 million to its expected restructuring charges, raising the fiscal‑2026 restructuring plan to roughly $2.8 billion.
- Larry Ellison canceled a planned Rule 10b5‑1 sale that could have allowed him to sell up to 50 million shares, removing a potential sell signal even as Oracle signs multibillion‑dollar AI cloud contracts.