Oracle Corporation, a major American multinational technology company, announced the elimination of major jobs on Tuesday, March 31.
The layoff, which is estimated to affect between 20,000 and 30,000 workers, representing 18% of Oracle’s 162,000-person global workforce, came without warning.
A brief formulaic message circulated around 6:00 am EST with the title “Oracle Leadership.”
Employees in the US, India and other countries received the same layoff emails almost simultaneously.
The message notified them that their duties were ending due to organizational changes and that the day of the message was their last business day. Additionally, he also noted that information regarding severance packages would be sent via DocuSign.
Many affected employees were immediately denied access to internal systems.
The hardest hit teams were Revenue and Health Sciences, and SaaS and Virtual Operations, in Oracle’s cloud computing business, which reportedly lost at least 30% of its workforce.
The mass layoffs are related to Oracle’s ambitious, debt-driven push toward developing 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% increase in net income, topping $6.13 billion last quarter.
