Oracle plans more layoffs weeks after spending most of its $2.1 billion restructuring budget, report claims — some teams face double-digit percentage reductions, 21,000 full-time positions already eliminated

Tom's Hardware
Aug 12, 2026, 1:00 pm78 ptsTrending
Oracle plans to cut more jobs this month, with reductions on some teams reaching double-digit percentages, Business Insider has reported, citing people familiar with the plans and an internal document. The company wants payroll lowered before its second fiscal quarter opens on September 1, and managers have…

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