Story perspectives

Oracle to Cut Jobs, Target Lower Payroll by 2026

8/12/2026

Summary

Story summary

Oracle will cut jobs to lower payroll by Sept. 1, 2026, with some teams facing double-digit percentage reductions and managers asked to list employees for termination.
The workforce fell by 21,000 employees, a 13% decline, in the fiscal year ending May 31, 2026.
Oracle spent $55.7 billion on infrastructure in FY 2026, used $23.7 billion more cash than it generated, and raised $48 billion via debt and stock, planning about $40 billion more this fiscal year.

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Story summary

Oracle will cut jobs to lower payroll by Sept. 1, 2026, with some teams facing double-digit percentage reductions and managers asked to list employees for termination.
The workforce fell by 21,000 employees, a 13% decline, in the fiscal year ending May 31, 2026.
Oracle spent $55.7 billion on infrastructure in FY 2026, used $23.7 billion more cash than it generated, and raised $48 billion via debt and stock, planning about $40 billion more this fiscal year.