Oracle to Reportedly Lay Off Thousands of Employees

The job cuts are part of a “reduction in force and other terminations,” Oracle said, adding that its Seattle sites will remain open. The company had about 162,000 full-time employees globally as of May 2025.

The WARN Act requires employers to provide at least 60 days’ notice ahead of layoffs.

Oracle declined to comment on the CNBC report, although several social media users on Reddit, X and anonymous workplace network Blind, shared details of the potential cuts, fuelling uncertainty and confusion among employees.

In a March filing, Oracle said it expects total costs tied to its fiscal 2026 restructuring plan to reach up to $2.1 billion (roughly Rs.19,556 crore), largely driven by employee severance and related expenses.

Shares in the company climbed more than 5 percent in afternoon trade, but remained down about 29 percent this year so far.

Meanwhile, more than 70 tech companies have cut around 40,480 jobs so far this year, per Layoffs.fyi, as companies increasingly reallocate resources toward AI, heightening fears of AI-driven disruptions among workers.