Oracle has started laying off staff globally as part of its strategy to cut costs. Notifications began early Tuesday, affecting employees across various divisions including Oracle Health, Sales, Cloud, Customer Success, and NetSuite.
As of May 2025, Oracle employed approximately 162,000 full-time employees. Reports indicate that the company could potentially cut between 20,000 to 30,000 jobs as it navigates a challenging financial landscape, with its stock price down 26% this year.
In a notification email sent to affected employees, Oracle stated, “After careful consideration of Oracle’s current business needs, we have made the decision to eliminate your role as part of a broader organizational change. As a result, today is your last working day.” This message underscores the difficult decisions being made within the company.
Oracle’s recent financial performance has raised concerns, with earnings per share reported at $1.79 and revenue reaching $17.19 billion in its most recent earnings report. To bolster its financial standing, Oracle has announced plans to raise $50 billion in debt and equity.
Additionally, the company is moving forward with a significant new health campus in Nashville, indicating a continued investment in growth despite the layoffs. However, the cuts appear to be global, with reports suggesting that thousands could be affected.
Oracle executives have expressed confidence in their ability to manage costs, stating that the company is “very, very good” at cost-cutting. This sentiment reflects a broader trend within the tech industry as companies adapt to changing market conditions.
Details remain unconfirmed regarding the exact number of employees impacted by the layoffs, but the situation is evolving rapidly as Oracle implements these changes. The community is watching closely as the company navigates this challenging period.
