Oracle Plans New Round of Layoffs, Double-Digit Cuts on Some Teams
ORCL sits 27% above its 52-week low of $114.5.
Summary
Oracle is planning a new round of layoffs this month, with cuts potentially reaching double-digit percentages on some teams, per Business Insider sources. This follows a period of massive AI infrastructure investment, including $55.7B in FY2026 capex and plans for $92B in FY2027, which pressured margins and contributed to an 8.9% post-earnings drop in June. The layoffs suggest cost-cutting to offset heavy spending, but the scale and timing remain uncertain. No specific teams or total headcount reduction have been disclosed.
At the time of this announcement, ORCL was trading at $145.36 on NYSE in the Technology sector, with a market capitalization of approximately $419.1B. The 52-week trading range was $114.50 to $345.72. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.