Oracle Layoffs 2026: Tech giant Oracle is reportedly gearing up for one of the largest restructuring moves in its history. According to a report by Bloomberg, the layoffs could begin as early as this month and may affect multiple business units across the company. Layoffs could cost up to $1.6 billionOracle had earlier disclosed in a regulatory filing that the restructuring plan could cost up to $1.6 billion in the current fiscal year. It can cost this much due to severance payments to the fired employees and organisational restructuring expenses. The push is being led by Oracle chairman Larry Ellison, who is betting heavily on AI infrastructure and cloud services.

Source: News 24 March 06, 2026 11:30 UTC