Oracle Cuts 546 Cloud Infrastructure Jobs in Second Layoff Round This Year
ORCL sits 30% above its 52-week low of $114.5.
Summary
Oracle is cutting 546 U.S. cloud infrastructure jobs, about 7.6% of that unit, in its second round of layoffs this year. The cuts hit managers, engineers, software developers, and data center staff, with 128 manager roles eliminated. This follows a 21,000-job reduction in fiscal 2026 that left the company with 141,000 employees. The layoffs come even as Oracle's cloud infrastructure revenue grew 121% year over year last quarter and the company plans $90-95 billion in AI data center spending this year. The move suggests cost discipline amid heavy capex and a $40 billion capital raise planned for fiscal 2027. Watch for any official confirmation or further restructuring details in upcoming filings.
At the time of this announcement, ORCL was trading at $149.10 on NYSE in the Technology sector, with a market capitalization of approximately $451.1B. The 52-week trading range was $114.50 to $329.50. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Binance News.