Oracle plans new round of layoffs amid rising AI infrastructure costs — Business Insider

Oracle plans to conduct new layoffs to reduce personnel expenses amid massive investments in AI infrastructure, as reported by Business Insider citing an internal company document. The exact number of affected employees is unknown, but some departments will see a "double-digit percentage" of workers laid off. The company has asked managers to submit lists of candidates for dismissal. The cuts are planned to be completed by September 1, 2026. Simultaneously, Oracle is increasing spending: in fiscal year 2026, the company spent $55.7 billion on AI infrastructure, according to BI. In April 2026, The Economic Times reported that Oracle's layoffs affected about 30,000 employees. Some of those laid off tried to improve severance packages, but the company refused to reconsider the terms.