Oracle begins a new round of layoffs

Oracle co-CEO Clay Magouyrk. Bloomberg/Getty Images Oracle has started a new round of layoffs, according to three people impacted and an email shared with Business Insider.The layoffs had been expected to begin on Monday, according to a source with knowledge of the matter.An Oracle spokesperson did not immediately respond to requests for comment from Business Insider.Business Insider last month reported that the company had drawn up plans for a new round of job cuts to reduce payroll as it racks up billions in debt to fund AI infrastructure.The planned cuts reached double-digit percentages on some teams, according to an internal document.On Monday, posts started appearing on LinkedIn, Reddit, and Blind from people claiming to have been impacted by the latest round of cuts.This latest round of layoffs follows cuts earlier this year. The company's workforce declined by 21,000, or 13%, in the 2026 fiscal year that ended May 31, according to a recent filing. Oracle had around 141,000 employees before this current round of cuts, according to the company.Oracle has racked up tens of billions of dollars in debt to build data centers, betting on increasing demand for AI. Oracle reported $28.5 billion in first-quarter capital expenditures, up from $8.5 billion a year earlier, and maintained its fiscal 2027 capital expenditure forecast at $90 billion to $95 billion.Wall Street isn't convinced the bet will pay off, though the company's latest earnings report had some positive signs, including cloud growth. This story is developing. Check back for updates.Have a tip? Contact this reporter via email at astewart@businessinsider.com or Signal at +1-425-344-8242. Use a personal email address and a nonwork device; here's our guide to sharing information securely. Read next Hugh is a senior correspondent at Business Insider where he writes about Google, tech, and wealth. His work has been cited by The New York Times, Bloomberg, Reuters, The Wall Street Journal, and other outlets.Get an alert whenever I publish a story.Got a tip? You can reach him using the secure messaging app Signal (hughlangley.01) or email (hlangley@businessinsider.com). We can keep sources anonymous. Oracle Layoffs Artificial Intelligence More Enterprise Software Cloud Computing Exclusive