Oracle employees expect layoff emails on September 1, the day its fiscal second quarter begins, with managers asked to submit lists of affected employees and some teams facing double-digit cuts. Staff fear a repeat of March 31, when a 6 am email from “Oracle Leadership” told 10,000 workers their role was eliminated. Oracle has already cut 21,000 jobs this fiscal year while spending $55.7 billion on AI data centres. Oracle employees expect layoff emails on September 1, the day its fiscal second quarter begins, with managers asked to submit lists of affected employees and some teams facing double-digit cuts. Staff fear a repeat of March 31, when a 6 am email from “Oracle Leadership” told 10,000 workers their role was eliminated. Oracle has already cut 21,000 jobs this fiscal year while spending $55.7 billion on AI data centres.
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