Overview
- Oracle began a new round of layoffs on Monday, according to affected employees and posts on LinkedIn, Reddit and Blind reported by multiple outlets.
- A regulatory filing shows the company increased its 2026 Restructuring Plan by about $700 million to roughly $2.8 billion and had already recorded about $2.1 billion in related charges through August 31.
- Oracle reduced headcount by roughly 21,000 employees, or about 13%, in fiscal 2026 and internal documents and reports say some teams face double‑digit percentage cuts in the latest round.
- Capital spending has surged as Oracle builds AI data centers, with $28.5 billion in capex in the quarter ended Aug. 31, a fiscal‑year forecast of $90–$95 billion, $19.9 billion raised via an at‑the‑market share sale, and plans to raise about $40 billion total this year.
- Executive and market moves are drawing scrutiny after Larry Ellison canceled a Rule 10b5‑1 share‑sale plan with no sales made, and the company posted negative free cash flow of $5.4 billion in the quarter, which could pressure margins and prompt further cost actions.