Overview
- Multiple outlets report managers have been asked to compile lists of employees for cuts targeted to be completed before Oracle’s second fiscal quarter begins on September 1.
- An internal document reviewed by journalists says some teams could face reductions in the double‑digit percentages, though the company has not publicly confirmed the plan.
- The new planning follows a year in which Oracle cut about 21,000 jobs, recorded roughly $1.8 billion in restructuring and severance charges, and ended fiscal 2026 with about 141,000 employees.
- Oracle spent $55.7 billion on infrastructure in fiscal 2026, raised about $43 billion in debt plus $5 billion in equity, and expects to raise roughly $40 billion more to finish its AI and data‑center buildout.
- Workers face renewed anxiety over severance and forfeited stock after earlier cuts, and investors are watching closely as Oracle’s heavy spending has pushed cash flow lower and the stock down about 26% year‑to‑date.