Close Menu
The Financial News 247The Financial News 247
  • Home
  • News
  • Business
  • Finance
  • Companies
  • Investing
  • Markets
  • Lifestyle
  • Tech
  • More
    • Opinion
    • Climate
    • Web Stories
    • Spotlight
    • Press Release
What's On

Oil soars above $113, Nasdaq plummets in worst day since June on Iran strike news, AI spending concerns

October 23, 2026

Google CEO Sundar Pichai stopped Trump from renaming the Atlantic Ocean

October 23, 2026

Politico corrects Susie Wiles-Katie Zacharia article after White House threatens ‘consequences’

October 23, 2026

LA restaurant known for pastries and casual power breakfasts to shutter after 15-year run

October 23, 2026

‘Woke’ video game studio BioWare’s closure draws mixed reactions online: ‘f–king devastating’

October 22, 2026
Facebook X (Twitter) Instagram
The Financial News 247The Financial News 247
Demo
  • Home
  • News
  • Business
  • Finance
  • Companies
  • Investing
  • Markets
  • Lifestyle
  • Tech
  • More
    • Opinion
    • Climate
    • Web Stories
    • Spotlight
    • Press Release
The Financial News 247The Financial News 247
Home » Tech giant Oracle rocked by another wave of layoffs

Tech giant Oracle rocked by another wave of layoffs

By News RoomSeptember 14, 2026No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn WhatsApp Telegram Reddit Email Tumblr
Share
Facebook Twitter LinkedIn Pinterest Email

Oracle employees woke up Monday to a brutal email informing them it would be their last day at the tech giant in its latest round of layoffs.

The tech giant sent out termination emails at 6 a.m., citing “broader organizational change” as the reason for the layoffs.

“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,” the layoff email read, reported Business Insider.

Larry Ellison’s tech-giant company Oracle reduced its workforce by 21,000 in the 2026 fiscal year that ended May 31.
Oracle ended up spending $1.84 billion on severance and restructuring costs after the job cuts earlier this year.

Oracle instructed laid-off workers to immediately sign the termination paperwork to secure their severance packages, according to the report.

Affected workers were informed that severance eligibility remains subject to the terms and conditions of Oracle’s severance plan, with specific details regarding termination dates and compensation packages to be sent via DocuSign to their corporate email addresses.

“Access to your computer, email, voicemail, and files will be deactivated soon, and you will be unable to log into your computer. As a reminder, you are prohibited from downloading, copying or retaining (including emailing yourself any Oracle confidential information),” the alleged email read.

Oracle generated US$57 billion in revenue in the financial year 2025, driven by a workforce of 141,000 employees.

It’s the company’s third round of workforce reductions this year. Earlier this year in August, Business Insider reported that select teams were bracing for double-digit percentage headcount reductions.

A source with direct knowledge told the outlet that managers had been instructed to submit lists of impacted employees to trim payroll ahead of the company’s second quarter, which began September 1.

Oracle already eliminated 21,000 full-time jobs — roughly 13% of its global workforce — during fiscal year 2026, which ended May 31. The company attributed the cuts to restructuring, performance issues, strategic shifts and acquisitions, while spending $1.84 billion on severance and restructuring.

Despite taking on substantial debt, Oracle reported US$57 billion in revenue for fiscal year 2025. According to the company’s website, that performance was powered by a global workforce of 141,000, which includes 29,000 consulting experts and over 18,000 customer support specialists speaking more than 20 languages.


Download The California Post App, follow us on social, and subscribe to our newsletters

California Post News: Facebook, Instagram, TikTok, X, YouTube, WhatsApp, LinkedIn
California Post Sports Facebook, Instagram, TikTok, YouTube, X
California Post Opinion
California Post Newsletters: Sign up here!
California Post App: Download here!
Home delivery: Sign up here!
Page Six Hollywood: Sign up here!


Business California Jobs Larry Ellison layoffs Metro oracle Tech US News
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related News

Oil soars above $113, Nasdaq plummets in worst day since June on Iran strike news, AI spending concerns

October 23, 2026

Google CEO Sundar Pichai stopped Trump from renaming the Atlantic Ocean

October 23, 2026

Politico corrects Susie Wiles-Katie Zacharia article after White House threatens ‘consequences’

October 23, 2026

LA restaurant known for pastries and casual power breakfasts to shutter after 15-year run

October 23, 2026

‘Woke’ video game studio BioWare’s closure draws mixed reactions online: ‘f–king devastating’

October 22, 2026

New California In-N-Out dubbed ‘Frankenstein monster’ wins approval on knife-edge

October 22, 2026
Add A Comment
Leave A Reply Cancel Reply

Don't Miss

Google CEO Sundar Pichai stopped Trump from renaming the Atlantic Ocean

Business October 23, 2026

President Trump said Google CEO Sundar Pichai declined to go along with his idea to…

Politico corrects Susie Wiles-Katie Zacharia article after White House threatens ‘consequences’

October 23, 2026

LA restaurant known for pastries and casual power breakfasts to shutter after 15-year run

October 23, 2026

‘Woke’ video game studio BioWare’s closure draws mixed reactions online: ‘f–king devastating’

October 22, 2026
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Our Picks

New California In-N-Out dubbed ‘Frankenstein monster’ wins approval on knife-edge

October 22, 2026

SpaceX now says potential blockbuster Tesla merger would need Elon Musk’s approval

October 22, 2026

Polymarket fires top executive who was closely allied with CEO Shayne Coplan: sources

October 22, 2026

Elon Musk’s Tesla eyes transportation ‘domination’ as Cybercab expansion heats up competition with Waymo

October 22, 2026
The Financial News 247
Facebook X (Twitter) Instagram Pinterest
  • Privacy Policy
  • Terms of use
  • Advertise
  • Contact us
© 2026 The Financial 247. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.