Oracle cuts 20,000 to 30,000 jobs as AI data-center spending mounts

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Oracle has begun a new round of layoffs, with termination notices going out on September 14 and confirmed by three affected employees and a copy of the notification email. TD Cowen estimates the round totals between 20,000 and 30,000 positions as Oracle reallocates resources toward its highest priority growth areas for data-center projects. The cuts follow a fiscal 2026 in which Oracle's headcount fell from about 162,000 to 141,000, a 13% reduction, while severance and other restructuring costs jumped to $1.8 billion from $374 million the year before. Oracle issued $43 billion of senior notes in fiscal 2026 as lease obligations doubled alongside data-center expansion, pushing total liabilities from $147.4 billion to $218.7 billion, and free cash flow came in at negative $23.7 billion. The company maintained its full-year capital expenditure forecast for fiscal 2027 at $90 billion to $95 billion, and Bank of America pointed to Oracle's $638 billion cloud backlog as the eventual payoff, noting roughly 12% is due within a year and another 34% over the following two to three years.

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Oracle Corporation
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Oracle is cutting 20,000-30,000 jobs amid surging restructuring costs, negative free cash flow, and mounting data-center debt.

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