The US-based technology giant Oracle is undergoing significant layoffs, impacting a considerable number of employees, including 491 workers in Washington state and Seattle who have been notified of their termination effective June 1. This information comes from a recent CNBC report detailing the company’s actions under the Worker Adjustment and Retraining Notification Act.
According to the report, Oracle characterized these job cuts as part of a broader “reduction in force and other terminations.” Despite the layoffs, the company has confirmed that its Seattle offices will continue operations. Oracle’s global workforce stood at around 162,000 full-time employees as of May 2025.
The decision to downsize follows an earlier CNBC report based on insider sources. While Oracle has refrained from commenting on the specifics of the report, social media platforms like Reddit, X, and the anonymous network Blind have been abuzz with discussions, creating uncertainty among employees.
In a regulatory filing from March, Oracle disclosed its anticipation of incurring costs of up to $2.1 billion related to its restructuring plan for fiscal year 2026. These costs primarily stem from severance packages and associated expenses for employees. The company’s restructuring efforts coincide with increased investments in artificial intelligence infrastructure to stay competitive against cloud industry rivals like Alphabet and Amazon.
The technology sector has seen a wave of job cuts this year, with over 70 companies trimming approximately 40,480 positions as they reallocate resources towards AI initiatives. Meta recently laid off several hundred employees, following reports suggesting substantial cuts affecting up to 20% of its workforce.