Oracle Corporation, a large American multinational technology company, announced on Tuesday March 31 the elimination of significant jobs.
The layoff, expected to affect between 20,000 and 30,000 workers, or 18% of Oracle’s 162,000 employees worldwide, came without any prior warning.
A brief formal message circulated around 6:00 a.m. EST with the title “Oracle Leadership.”
Employees in the United States, India and other countries received the same layoff emails almost simultaneously.
The message informed them that their duties were ending due to organizational changes and that the day of the message was their last working day. Additionally, he also noted that severance information would be sent via DocuSign.
For many affected employees, access to internal systems was immediately denied.
The hardest hit teams were revenue and health sciences, as well as SaaS and virtual operations, in Oracle’s cloud computing business, which reportedly lost at least 30% of their workforce.
The massive layoffs are linked to Oracle’s ambitious, debt-fueled effort to develop artificial intelligence infrastructure.
Oracle has taken on $58 billion in new debt in two months as it races to build artificial intelligence data centers.
The company’s shares have fallen 30% since September 2025 and some banks are reportedly no longer lending to Oracle for its projects.
The news came as Oracle reported a 95% jump in net income, surpassing $6.13 billion last quarter.
