Oracle layoffs: Company leadership may again send the '6 am' email on September 1
Oracle employees expect layoff emails on September 1, the day its fiscal second quarter begins, with managers asked to submit lists of affected employees and some teams facing double-digit cuts. Staff fear a repeat of March 31, when a 6 am email from "Oracle Leadership" told 10,000 workers their role was eliminated. Oracle has already cut 21,000 jobs this fiscal year while spending $55.7 billion…
Oracle employees are bracing for another round of layoffs, with the company reportedly planning to cut payroll by September 1. The move follows a previous wave of job cuts in March, during which Oracle announced the elimination of around 21,000 positions, reducing its workforce by 13%. The company aims to bring its payroll down by September 1, the start of its fiscal second quarter.
Employees anticipate receiving emails at around 6 am on September 1, a time that has become a ritual based on the pattern of the previous layoff. With significant investments in AI data centers and a substantial RSU (Restricted Stock Unit) compensation structure, Oracle faces a challenging financial landscape, as reported in its FY2026 10-K filing.
The company's revenue has increased by 17%, but its stock price has fallen over 20% this year, leading to lawsuits from shareholders. Oracle's aggressive spending on AI infrastructure and mounting restructuring costs leave limited budget for further cuts, raising concerns about the potential for a second round of restructuring in the near future.
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