Oracle employees brace for fresh layoffs on September 1 amid AI spending push
Oracle employees are anticipating a new round of layoffs on September 1, the start of the company's fiscal second quarter. Managers have reportedly been asked to submit lists of affected staff, with some teams facing double-digit percentage cuts. Workers fear a repeat of March 31, when a 6 AM email from Oracle Leadership informed 10,000 employees that their roles had been eliminated. Oracle has already cut approximately 21,000 jobs this fiscal year, even as it continues to invest heavily in AI infrastructure, having spent $55.7 billion on data centres.
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