Oracle Plans August Layoffs With Double-Digit Cuts In Some Teams

Oracle initiates new layoffs in August to reduce costs before Q2, with some teams facing double-digit cuts. This follows 21,000 job losses in the prior fiscal year.

Woofun AI reports that Oracle is implementing a new round of layoffs in August, instructing managers to identify affected staff to lower salary expenses before the second fiscal quarter starts on September 1. Internal documents indicate that reduction rates in certain teams may reach double-digit percentages. The company declined to comment on the restructuring. During the fiscal year ending May 31, Oracle eliminated approximately 21,000 positions, representing 13% of its workforce and reducing headcount from roughly 162,000 to 141,000.