Oracle starts new layoffs as AI infrastructure spending and debt mount

  • Oracle has started another round of layoffs, according to affected employees and an email shared with Business Insider.
  • $28.5 billion was Oracle's first-quarter capital expenditure, versus $8.5 billion a year earlier.
  • Oracle's workforce fell 21,000 employees, or 13%, during the fiscal year ended May 31.

Oracle has begun a new round of layoffs, according to three affected people and an email shared with Business Insider. The cuts were expected to start Monday, while Oracle did not immediately respond to requests for comment. The latest reductions follow earlier job cuts and plans to lower payroll as the company accumulates billions of dollars in debt to finance AI infrastructure. An internal document indicated that reductions would reach double-digit percentages on some teams. Posts from people claiming to be affected appeared Monday on LinkedIn, Reddit and Blind. Oracle's workforce fell by 21,000 employees, or 13%, during the 2026 fiscal year ended May 31, and the company had about 141,000 employees before the latest cuts. Oracle reported $28.5 billion in first-quarter capital expenditures, up from $8.5 billion a year earlier, and kept its fiscal 2027 capital spending forecast at $90 billion to $95 billion. Investors remain unconvinced that the data-center investment will pay off, although the latest earnings report showed positive signs including cloud growth. The story remains developing.

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