Oracle begins another round of layoffs amid AI push: 'Today is your last working day'

CNBC TV18

Oracle is implementing another round of layoffs as it continues to invest heavily in AI infrastructure, with affected employees receiving termination notices stating "today is your last working day." This follows a 13% workforce reduction in the previous fiscal year, as the company allocates billions toward expanding its AI and data center capabilities. Employees are being offered severance packages including four weeks of base salary plus an additional week for each year of service.

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All articles from 15 September 2026. Summaries are AI-generated and may contain errors; the linked article is the authority.