{
  "id": 7401505,
  "title": "Oracle celebrates banner quarter with another round of layoffs",
  "url": "https://urgent.news/2026/09/14/oracle-celebrates-banner-quarter-with-another-round-of-layoffs-7401505",
  "topic": "science",
  "section": "Science",
  "published": "2026-09-14T20:46:57.000Z",
  "source": {
    "name": "The Register Science",
    "slug": "the-register-science",
    "url": "https://www.theregister.com/databases/2026/09/14/oracle-celebrates-banner-quarter-with-another-round-of-layoffs/5296395"
  },
  "original_language": "en",
  "account": "Oracle reported record revenue in its latest quarter, but the company did not hesitate to let go of more employees. Social media reported early Monday that staff encountered difficulties accessing corporate systems like email and Slack, indicating they had lost their jobs. Some ex-employees on LinkedIn indicated that layoff emails were not sent to personal email addresses, leaving many in the dark about the situation without prior warnings or calls from supervisors. Although some were able to view the layoff email, a copy was shared with Business Insider for their coverage. The email stated, \"After careful consideration of Oracle's current business needs, we have made the decision to eliminate your role as part of a broader organizational change. As a result, today is your last working day.\" The email did not specify the severance package, but other reports suggest that laid-off employees received four weeks of pay, plus an additional week for each year of employment. Some layoff victims had worked at Oracle for 20 years. Oracle has been restructuring its workforce and business over the past year, with around 21,000 job cuts as they adjust to their new AI datacenter buildout mission. Oracle has increased its restructuring budget for 2026 by $700 million, according to its latest quarterly SEC filing. Oracle's 2026 restructuring plan was expected to cost up to $2.1 billion, mostly due to severance, contract termination costs, and other exit expenses. This represents only a fraction of Oracle's $19.3 billion in revenue in Q1 FY27. The company's revenue grew by approximately 30 percent year over year. While the AI infrastructure investments have paid off for Oracle, the employees contributing to this success are left without jobs. Oracle did not respond to inquiries for this story.",
  "summary": "Congratulations on helping Larry Ellison's AI cloud boom. Now please pack your bags and go",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Register",
        "title": "Oracle celebrates banner quarter with another round of layoffs",
        "url": "https://urgent.news/2026/09/14/oracle-celebrates-banner-quarter-with-another-round-of-layoffs",
        "published": "2026-09-14T20:46:57.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}