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.
Updates
· Benzinga — Managers were asked to identify employees for cuts by September 1, and the company plans to raise $40 billion in fiscal 2027, including a $20 billion ATM equity offering.
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.