Oracle is reportedly drawing up plans for a fresh wave of job cuts in August, according to Business Insider, which cited people familiar with the plans and an internal document. The report follows the company's official confirmation that it shed 21,000 employees in the fiscal year ending 31 May 2026.
Internal estimates circulating among employees put the number of potentially affected workers globally at between 7,000 and 10,000, though the exact scale has not been confirmed. The impact on Oracle's India workforce is not yet known.
Managers have been asked to submit lists of affected employees, with the company aiming to reduce its payroll before 1 September — the start of its fiscal second quarter. Some teams are facing double-digit percentage reductions, according to the same internal document.
Oracle declined to comment on the reported plans.
The fresh cuts come after a significant year of workforce reductions. Oracle's headcount fell from roughly 162,000 to approximately 141,000 over its last fiscal year, a 13 percent decline. The company has attributed part of that reduction to the adoption and deployment of AI technologies, and told investors that further reductions could follow as deployment expands.
The workforce reductions are running alongside a dramatic increase in capital spending. Oracle spent $55.7 billion on infrastructure in fiscal 2026, up from $21.2 billion the year before, leaving it with negative free cash flow of $23.7 billion. To cover the gap, the company raised $43 billion through debt and a further $5 billion through stock sales during the year.
Oracle's 2026 Restructuring Plan has a total anticipated cost of up to $2.1 billion, of which $1.8 billion was recorded in fiscal 2026. Any new cuts of the scale being reported would either need to fit within the roughly $300 million of remaining headroom, or push the company into a second restructuring plan in three years.
