Oracle is preparing a new round of layoffs targeting double-digit percentage cuts for specific teams. Managers must finalize lists of affected employees by September 1, the start of the second fiscal quarter. This follows a reduction of 21,000 staff members during the fiscal year ending May 2026.
The workforce reduction supports substantial investments in AI and cloud infrastructure. These initiatives have triggered significant capital expenditures and increased the company's debt.
Oracle's stock rose 1.2% in after-hours trading following the August 12, 2026, announcement. The company also launched its AI-powered Health Patient Portal for general availability in the U.S.