Oracle has begun laying off staff globally as the company seeks to cut costs, with notifications sent to employees early Tuesday. The layoffs are expected to affect thousands across various divisions, including Oracle Health, Sales, Cloud, Customer Success, and NetSuite.

As of May 2025, Oracle employed approximately 162,000 full-time employees. Reports suggest that the company could cut between 20,000 to 30,000 jobs as part of this restructuring effort.

Oracle’s stock price has seen a significant decline, dropping 26% this year, prompting the need for drastic measures. In a recent earnings report, the company announced earnings per share of $1.79 and revenue of $17.19 billion.

In a notification email to affected employees, Oracle stated, “After careful consideration of Oracle’s current business needs, we have made the decision to eliminate your role as part of a broader organizational change. As a result, today is your last working day.” This message highlights the urgency and seriousness of the layoffs.

Despite these cuts, Oracle is simultaneously planning a massive new health campus in Nashville and has announced plans to raise $50 billion in debt and equity to bolster its AI infrastructure and other initiatives.

Oracle executives have expressed confidence in their ability to manage costs, stating that the company is “very, very good” at cost-cutting. However, the exact number of employees affected by the layoffs remains unclear, and details are still unconfirmed.

The cuts appear to be global, with reports indicating that thousands could be impacted. As Oracle navigates these changes, observers are keenly watching how this will affect the company’s future operations and employee morale.

Oracle moved its corporate headquarters to Austin in 2020, a strategic shift that has been part of its broader efforts to innovate and adapt in a competitive tech landscape.