Business & Finance

Oracle cuts additional jobs following previous 21,000 workforce reductions

The enterprise software provider launched a new round of layoffs as restructuring costs climb to $2.8 billion.

Updated Sep 15, 2026 · 20:56 UTC3 reports

The short version

Oracle initiated another wave of layoffs on Monday across its workforce.[Business Insider · Business Insider]
Affected staff are offered four weeks of severance pay alongside an additional week per year of service.[Business Insider]
The enterprise software firm previously eliminated 21,000 positions, or 13% of its workforce, during fiscal year 2026.[Business Insider]
The exact headcount reduction for the latest round has not been publicly revealed as restructuring costs hit $2.8 billion.[Hacker News]

Oracle initiated a new round of job cuts on Monday.[Business Insider · Business Insider]
Oracle's workforce dropped by 21,000 positions, or 13%, during the fiscal year ending May 31, 2026.[Business Insider]
Before the latest cuts, Oracle employed approximately 141,000 people.[Business Insider]
Oracle increased its estimated fiscal 2026 restructuring plan expenses by $700 million to approximately $2.8 billion.[Hacker News]
Laid-off staff are being offered four weeks of severance pay plus one additional week per year of service.[Business Insider]

The total number of employees impacted in this new round of layoffs has not been publicly disclosed.[Hacker News]

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.