Oracle is expanding its 2026 layoff plan by $700 million, raising total restructuring costs to $2.8 billion as the company invests heavily in AI data center infrastructure.
Oracle conducted another round of layoffs early Monday morning, sending termination emails at 6 AM to an undisclosed number of employees as part of its ongoing fiscal 2026 restructuring plan, which now carries an estimated cost of $2.8 billion. The company has eliminated roughly 21,000 positions (13% of its workforce) during the fiscal year, with the latest cuts affecting various teams including some experiencing double-digit percentage reductions. Employees reported coordinated access revocations starting at 4 AM, with some discovering terminations after being locked out of systems or arriving at work.
Oracle has begun a new round of layoffs, eliminating roles as part of organizational restructuring to manage billions in debt from AI infrastructure investments. The cuts affect double-digit percentages on some teams, following 21,000 workforce reductions (13%) in fiscal 2026, with the company now at approximately 141,000 employees before this round.
Oracle increased its restructuring costs by $700 million to $2.8 billion as it continues workforce reductions tied to AI adoption, having eliminated approximately 21,000 positions or 13% of its workforce in the previous year. The company is simultaneously investing heavily in AI infrastructure, raising $40 billion through debt and equity financing, while its stock has fallen 23% this year amid investor concerns about cash flow recovery.
Meta CEO Mark Zuckerberg acknowledged at an internal town hall that the company's restructuring—which laid off 8,000 employees and reassigned 7,000 to AI teams—failed to deliver expected results, with AI agent development progressing slower than anticipated. Despite the setback, executives expect significant benefits within three to six months and are implementing measures to restore employee morale, including making mouse-tracking software opt-in and improving internal communication.
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