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Oracle to Lay Off 710 Employees Amid Global Cuts

4/9/2026

Summary

Story summary

Oracle will lay off 710 employees in California offices—Redwood City, Santa Clara, Pleasanton, and Santa Monica—effective June 1, 2026.
The cuts are part of a global reduction affecting about 30,000 workers.
Despite a 22% revenue rise to $17.2 billion in the fiscal third quarter, Oracle focuses on artificial intelligence (AI) investments.
The layoffs drew criticism over H-1B visa petitions, while Meta and Qualcomm also cut workforces amid industry trends.

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Story summary

Oracle will lay off 710 employees in California offices—Redwood City, Santa Clara, Pleasanton, and Santa Monica—effective June 1, 2026.
The cuts are part of a global reduction affecting about 30,000 workers.
Despite a 22% revenue rise to $17.2 billion in the fiscal third quarter, Oracle focuses on artificial intelligence (AI) investments.
The layoffs drew criticism over H-1B visa petitions, while Meta and Qualcomm also cut workforces amid industry trends.