Key Moments
- Oracle Corp (NYSE:ORCL) has started a new round of layoffs, with some teams facing double-digit percentage reductions, according to an internal document cited in the report.
- The company reduced its workforce by 21,000 employees, or 13%, in the 2026 fiscal year that ended May 31, bringing headcount to about 141,000 before the latest cuts.
- Co-founder Larry Ellison canceled a 10b5-1 trading plan that could have facilitated the sale of up to 50 million Oracle shares worth roughly $7.5 billion, with no shares ultimately sold.
Layoffs Intensify as AI-Related Investment Mounts
Oracle Corp (NYSE:ORCL) has initiated a fresh wave of job cuts, according to three employees impacted by the move and an email reviewed by Business Insider.
The latest layoffs began on Monday, in line with expectations from a source familiar with the situation. Requests for comment sent to Oracle were not immediately answered by a company spokesperson.
Business Insider had previously reported that Oracle was preparing additional workforce reductions aimed at trimming payroll expenses while the company continued to take on billions in debt to support investment in AI infrastructure.
Scope of Reductions and Workforce Impact
An internal document cited in the report indicated that the planned reductions reached double-digit percentages within certain teams. On Monday, posts from individuals saying they were part of the new layoffs appeared across LinkedIn, Reddit, and Blind.
The current cuts add to a series of workforce reductions earlier this year. According to a recent filing, Oracle’s headcount fell by 21,000 employees, or 13%, in the 2026 fiscal year that ended May 31. The company had approximately 141,000 employees before this latest round of layoffs.
| Metric | Detail |
|---|---|
| Fiscal year referenced | 2026 (ended May 31) |
| Workforce reduction in that fiscal year | 21,000 employees |
| Percentage decrease | 13% |
| Approximate employees before current cuts | 141,000 |
Ellison Halts Planned Multi-Billion-Dollar Share Sale
In a separate development, Oracle co-founder Larry Ellison terminated a 10b5-1 trading plan that had been adopted on June 22, 2026. The plan would have enabled him to sell up to 50 million Oracle shares with an estimated value of about $7.5 billion through October 24.
The cancellation was detailed in a filing dated September 11. Oracle confirmed in that filing that no shares were sold under the plan. The company has not publicly provided Ellison’s reasoning for canceling the trading arrangement, and no replacement sale plan has been announced.
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