Oracle began a new round of layoffs on Monday, September 14, as it increased investment in artificial intelligence data centers. Restructuring costs rose by $700 million to approximately $2.8 billion; the plan covers efficiency and the use of artificial intelligence. In the fiscal year ended May 31, the workforce fell from approximately 162 thousand to 141 thousand; the reduction of about 21 thousand people was 13%. The number of people and countries affected by the new round was not disclosed. In the quarter ended August 31, 2026, capital expenditures rose from $8.5 billion to $28.5 billion, while free cash flow was approximately $5.4 billion in the red. An increase is expected in fiscal 2027, while approximately $19.9 billion was raised from shares.
Background
Oracle is not a new name in the FikirPilot archive: in the past 90 days, we published one article mentioning the name; that article was dated September 12, 2026.