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 is offering laid-off US employees four weeks of severance plus one additional week per year of service, capped at 26 weeks maximum. The company recently initiated a new round of layoffs to reduce payroll costs amid heavy spending on AI infrastructure, with severance packages appearing less generous than those offered by competitors like Microsoft and Salesforce.
Nearly 1,900 Blizzard Entertainment workers ratified their first union contract with Microsoft after over two years of negotiations, securing protections for generative AI use, remote work, crediting, and layoffs. The four-to-five-year agreement covers three bargaining units and includes a 60-day notice period for layoffs, severance provisions, and a successorship clause ensuring terms survive if the company is sold. The contract requires human oversight of AI tools and mandates bargaining before implementing AI technology that materially impacts union employees' work.