here is the break down
$1.6 billion restructuring programme,
Phase 1 (Done) ~10,000 layoffs , $961M - this was late 2025
Remaining
Phase 2 (Now March-May) $639M
if they layoff from low paying areas then yes 20k is still to go , if its higher paid areas
then number will be lower , will see
what do you think ?
I was one of the RIF'd in August 2025.
It came out of no where on a Wednesday morning. Thousands of us.
We were on garden leave until Sept 22 (after the earnings call - so we weren't officially let go until after they closed that quarter)
The newest SEC filings on March 11 show changes to the initial program. More lay offs ARE coming - there is no way they get to their goal without it.
Across all filings:
• Oracle launched a major global restructuring program in FY26.
• The program expanded from $1.6B > $2.1B.
• Nearly $1B in severance and restructuring charges has already been recorded.
• Layoffs are still ongoing, with remaining liabilities for severance payouts.
The filings indicate this restructuring is tied to shifting resources toward cloud infrastructure and AI platforms while reducing other areas of the business.
Direct Quote from the March SEC 10-Q on their website:
“During the first nine months of fiscal 2026, our management approved, committed to, initiated and further supplemented plans to restructure and further improve efficiencies in our operations…"
@ah You must be from California as you need to share what you are smoking. They are not acquiring anything soon other than pink slips and boots out the door
Lists have been made. My understanding is It’s a matter of when it will be communicated…
Confirmed? Nope! FOBO guy said no layoffs. FWIW he's the board moderator.
There is no guarantee that the reserved "layoff money" will be spent.
@a7 but they also said in the same context that a small team was able to stand up new products. That’s a sign they will try to keep their competitive edge. They very well could acquire and compete in more spaces with the help of AI.
They can always budget for more. Next fiscal is not far and it is unlikely they will do 30,000 in one go
@a6 thats what i mentioned yes and that number depends on the regions of layoffs lets see how this turn out ,
@OP they made a comment about how AI would enable them to be more efficient in software development and ops. That’s a tell imho.
And if it’s OCI developers they’re not cheap.
@a5 Just saw the new report, with the latest numbers:
Restructuring expenses:
Jun - Aug 2025: $415,000,000
Sep - Nov 2025: $411,000,000
Dec 2025 - Feb 2026: $153,000,000
Total planned: $1,614,000,000
Remaining: $635,000,000
So that would be an estimated 10,000 layoffs remaining for the March - May quarter.
@OP This is incorrect.
The correct restructuring numbers are:
Jun - Aug 2025: $415,000,000
Sep - Nov 2025: $411,000,000
Total planned: $1,614,000,000
Remaining: $788,000,000
(Source: Oracle's SEC filings).
In the Sep-Nov 2025 timeframe, about 6,443 employees were laid off (source: Slack numbers).
That's a $63,790 per employee restructuring expense.
If the next round of layoffs is similar, that means about 12,353 more employees are expected to be laid off once the 2026 restructuring plan is complete.
@a3 https://investor.oracle.com/investor-news/news-details/2026/Oracle-Announces-Fiscal-Year-2026-Third-Quarter-Financial-Results/default.aspx
Source?