Oracle laid off employees receive severance capped at 26 weeks of base salary plus one week per year of service, but lose all unvested stock awards and future bonuses. The company is cutting costs amid billions in debt for AI infrastructure investments, with workforce declining by 21,000 employees in fiscal 2026. Oracle's severance package is less generous than competitors like Microsoft and Salesforce.
Oracle's new CFO Hilary Maxson told employees the company rejects the "doing more with less" mentality, instead advocating for thoughtful resource allocation and process simplification to maximize customer impact. The remarks came as Oracle executed another round of layoffs, with workforce declining 21,000 (13%) in fiscal 2026, while the company pursues aggressive AI infrastructure expansion and maintains a $90-95 billion capital expenditure forecast for fiscal 2027.