[US] Oracle plans a further round of layoffs this month

In the US, the multinational tech company Oracle is planning a new round of job cuts to reduce payroll as it racks up billions in debt to fund AI infrastructure, Business Insider reports.

An internal document viewed by Business Insider revealed that Oracle has drawn up plans for further job cuts this month, cuts with the potential to reach double-digit percentages on some teams.

Oracle has reportedly requested that its managers provide lists of affected employees, with the intention of reducing payroll by the time the second quarter begins on September 1, someone with direct knowledge of the situation said.

Oracle declined to comment on the alleged job losses.

This potential round of layoffs comes in the wake of workforce cuts made earlier this year. The company's employee roster was slashed by 21,000 (13 per cent) in the 2026 fiscal year that ended May 31, including through layoffs, according to a recent filing.

Oracle currently has around 141,000 employees.

The job losses highlight the trade-offs of the AI infrastructure boom. While Oracle borrows tens of billions of dollars to build data centres and buy chips, it also seeks savings elsewhere, including its workforce. The cuts reveal how even companies purportedly benefiting from surging AI demand are under pressure to balance huge capital spending with Wall Street's profitability expectations.

In its 2026 fiscal year, Oracle spent $55.7 billion on infrastructure, including new data centres, spending $23.7 billion more in cash than it brought in during the year

Source: Business Insider

(Link via original reporting)

In the US, the multinational tech company Oracle is planning a new round of job cuts to reduce payroll as it racks up billions in debt to fund AI infrastructure, Business Insider reports.

An internal document viewed by Business Insider revealed that Oracle has drawn up plans for further job cuts this month, cuts with the potential to reach double-digit percentages on some teams.

Oracle has reportedly requested that its managers provide lists of affected employees, with the intention of reducing payroll by the time the second quarter begins on September 1, someone with direct knowledge of the situation said.

Oracle declined to comment on the alleged job losses.

This potential round of layoffs comes in the wake of workforce cuts made earlier this year. The company's employee roster was slashed by 21,000 (13 per cent) in the 2026 fiscal year that ended May 31, including through layoffs, according to a recent filing.

Oracle currently has around 141,000 employees.

The job losses highlight the trade-offs of the AI infrastructure boom. While Oracle borrows tens of billions of dollars to build data centres and buy chips, it also seeks savings elsewhere, including its workforce. The cuts reveal how even companies purportedly benefiting from surging AI demand are under pressure to balance huge capital spending with Wall Street's profitability expectations.

In its 2026 fiscal year, Oracle spent $55.7 billion on infrastructure, including new data centres, spending $23.7 billion more in cash than it brought in during the year

Source: Business Insider

(Link via original reporting)