Oracle has begun another round of layoffs as it expands AI infrastructure and manages rising financing costs. The latest cuts followed a 21,000-person, or 13%, workforce reduction during the fiscal year ended May 31, 2026, leaving about 141,000 employees before the new initiative. Affected workers were told Monday was their final workday and were offered four weeks of base pay plus one additional week for each year of employment. At her first companywide meeting, Chief Financial Officer Hilary Maxson urged employees to protect Oracle's financial performance through clearer spending choices and simpler processes rather than simply doing more with fewer resources. Co-CEO Mike Sicilia emphasized customer outcomes, growth and collaboration, while executives did not directly address the layoffs during the roughly hourlong meeting. Oracle spent $28.5 billion on capital expenditures in the first quarter, up from $8.5 billion a year earlier, and maintained its fiscal 2027 forecast at $90 billion to $95 billion. The company has accumulated tens of billions of dollars in debt to fund its data-center and AI expansion, and the latest reductions are intended to lower payroll costs, according to a person familiar with the strategy. Oracle shares fell 3.65% after the announcement. Larry Ellison also recently canceled a pre-arranged trading plan that could have allowed him to sell up to 50 million ORCL shares worth about $7.5 billion, though no shares were sold under it.