Oracle sets aside $2.1 billion for restructuring, layoffs possible

Business Mar 12, 2026

Oracle just announced a big shake-up: it has set aside $2.1 billion for restructuring, which could lead to additional layoffs worldwide.
Even though the company's revenue jumped 22% last quarter, the rising costs of running advanced AI tech have pushed Oracle to trim its workforce and rethink how it operates.

Over 3,000 jobs have already been cut

So far, over 3,000 jobs have been cut across the US Canada, and India, mostly in sales and marketing management.
There is still about $1.1 billion left in Oracle's restructuring budget for more changes through May 31, 2025.
Oracle has indicated that advances in AI-driven coding tools could reduce the number of developers.
Investors are watching closely to see if these moves will pay off for Oracle in the long run.