Oracle has started laying off staff globally as part of a strategy to cut costs, with notifications sent to employees early Tuesday. The layoffs are expected to impact thousands of workers 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 suggest that the company could cut between 20,000 to 30,000 jobs as it navigates a challenging financial landscape.
In 2023, Oracle’s stock price has seen a significant decline, down 26% this year. This downturn comes as the company announced plans to raise $50 billion in debt and equity to support its initiatives, including a massive new health campus in Nashville.
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 company’s commitment to restructuring in response to market pressures.
Oracle executives have expressed confidence in their ability to manage costs effectively, stating that the company is “very, very good” at cost-cutting. However, the exact number of employees affected by the layoffs remains unclear, leaving many in uncertainty about their job security.
The cuts appear to be global, with reports indicating that thousands could be impacted. As Oracle continues to adjust its workforce, observers are closely watching how these changes will affect the company’s operations and future growth.
In its most recent earnings report, Oracle reported earnings per share of $1.79 and revenue of $17.19 billion, highlighting the financial challenges that may have prompted these layoffs. The company is also investing heavily in its Stargate data center initiative, which is expected to cost around $500 billion.
As Oracle moves forward with its restructuring plans, the tech industry will be watching closely to see how these layoffs impact the company’s strategic direction and employee morale.