Corporate$ORCL4:13 PM ET

Oracle planning double-digit percentage layoffs on some teams, report says

By BORSA NewsroomPublished Aug 11, 2026, 4:13 PM EDTUpdated Aug 23, 2026, 8:24 PM EDT

Oracle is planning another round of layoffs this month, with cuts potentially reaching double-digit percentages on some teams, per Business Insider. The company aims to reduce payroll by September 1 as it continues a massive AI infrastructure buildout funded by tens of billions in debt.

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WHAT WE KNOW

Oracle planning another round of layoffs this month.