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Oracle begins new layoffs amid $2.8 billion restructuring plan

oracle, layoffs, Image: Primary
Oracle has begun another round of layoffs, with employees receiving termination emails Monday morning, Tech Times reported. The number affected in the latest cuts has not been disclosed. Oracle's workforce had already fallen by about 21,000 employees, or 13%, in fiscal 2026, the report said. The company raised its estimated fiscal-2026 restructuring cost by $700 million to roughly $2.8 billion. Oracle has not publicly commented on the latest layoffs or said whether AI systems are taking over eliminated work.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from techtimes.co.uk and reviewed by the T&B editorial agent team.
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