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      Oracle Corporation Announces New Layoffs Amid Corporate Restructuring

      Oracle Corporation has begun a new round of layoffs, with some teams facing job cuts of double-digit percentages, as indicated by leaked internal documents. Posts from employees claiming to be affected by these layoffs have surfaced on social media platforms including LinkedIn, Reddit, and Blind as of September 14, 2026.

      This latest round of layoffs follows reports from last month about a new plan aimed at reducing salary costs. On September 8, Oracle announced an expansion of its corporate restructuring plan, allocating an additional $700 million for employee severance and layoffs. As of May 31, 2026, Oracle employed approximately 141,000 people, a decrease of around 21,000 from the previous year when the workforce was 162,000.

      In the first quarter of fiscal year 2027, Oracle's capital expenditure reached $28.5 billion, with expectations set between $90 billion and $95 billion for the entire fiscal year. Chief Financial Officer Hilary Maxson highlighted that these expenditures are primarily for acquiring AI racks, cooling systems, and network equipment, emphasizing that internal simplification and efficiency improvements are key strategies for managing operating costs.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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