Oracle starts new layoffs as AI infrastructure spending and debt mount

  • Oracle began a new U.S. layoff round on September 14.
  • Oracle's fiscal 2026 restructuring cut about 21,000 jobs, reducing headcount to 141,000.
  • Oracle shares closed 3.64% lower at $144.79 on Monday.

Oracle has begun another round of U.S. layoffs, notifying affected employees by early-morning email on September 14 that their positions had been eliminated and that day would be their final working day. The number of employees affected was not disclosed. The cuts follow an approximately 21,000-person, or 13%, workforce reduction during fiscal 2026, taking headcount from roughly 162,000 to about 141,000 as Oracle redirects resources toward AI data centers and cloud capacity. Affected workers were reportedly offered four weeks of base pay plus an additional week for each year of service, with Business Insider previously reporting a 26-week cap. Oracle has raised the anticipated cost of its fiscal 2026 restructuring plan by $700 million to about $2.8 billion. Its shares closed down 3.64% at $144.79 on Monday and declined a further 0.29% in after-hours trading, amid the layoffs, broader pressure on AI-linked stocks and Larry Ellison’s cancellation of a previously announced Oracle-share sale plan.

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