Business Insider confirmed on Tuesday, March 31, that the tech giant Oracle issued emails to affected employees early Tuesday as part of ongoing cost-saving measures. Business Insider received copies of those notices, which said in part: “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.”
CNBC reported the company employed approximately 162,000 globally based on May 2025 figures, noting its stock prices had taken a 25% nosedive this year. Those declining stock prices are reportedly related to Oracle’s capital spending on AI infrastructure, CNBC added.
Those layoffs could spell impacts on Texas’ tech industry workforce. Oracle is currently headquartered in Austin, although it’s in the process of relocating its world headquarters to Nashville. MySA reached out to the Texas Workforce Commission regarding any potential WARN notices issued in relation to the layoffs here in Texas; we will update this story if we receive a response.
The layoffs come just weeks after reports circulated on Oracle setting aside billions for its restructuring initiatives, AI tools and data center infrastructure. A March report from the Financial Times revealed the company allocated $500 million specifically for those expenses, as detailed in a filing made with the U.S. Securities and Exchange Commission.Â