Oracle Cuts 30,000 Jobs in a 6 a.m. Email
Oracle caught thousands of employees off guard with a single email sent just after 6 a.m. EST. There was no prior notice from HR or direct managers—only a brief message ending their roles and outlining severance steps. Analysts estimate the layoff will affect between 20,000 and 30,000 staff—about 18% of Oracle’s global workforce of roughly 162,000. Workers in the U.S., India, and other regions received the same termination notice under the “Oracle Leadership” banner. Teams hit hardest include Revenue and Health Sciences and SaaS and Virtual Operations Services, where cuts reached around 30%. NetSuite’s India Development Centre also saw significant reductions, with many employees forfeiting unvested stock units. These deep cuts follow Oracle’s aggressive, debt-fueled push into AI infrastructure. Experts say the layoffs will free up $8–10 billion in cash flow to help fund massive data centre expansion.
Use The App To Win ₦1m
Stories are shared by community members. This article does not represent the official view of NaijaWorld — the author is solely responsible for its content.