![\"Oracle](\"https:\/\/static.toiimg.com\/thumb\/msid-129974309,imgsize-406124,width-400,height-225,resizemode-4\/129974309.jpg\" "\\"Oracle")
<\/div>\n<\/div>\n<\/div>\nOracle began its largest-ever round of layoffs on Tuesday, cutting thousands of employees worldwide with no advance notice. The termination emails\u2014signed “Oracle Leadership”\u2014landed at 3AM Pacific and 6AM EST, informing staff their roles had been eliminated as part of a “broader organisational change” and that the day they were reading the email was their last working day. System access was revoked almost immediately after.Posts on LinkedIn and Reddit’s r\/employeesOfOracle confirmed cuts across Oracle Health, Cloud, Sales, Customer Success, NetSuite, and more. TD Cowen estimates the final tally could reach 20,000 to 30,000 employees\u2014roughly 18% of Oracle’s 162,000-strong global workforce\u2014which the bank projects would free up $8\u201310 billion in cash flow.<\/p>\n There’s a catch to the payout: employees must sign their termination documents via DocuSign before any severance is processed. US employees are being offered four weeks of base pay for their first year, plus one additional week per year of service, capped at 26 weeks. In India, the formula follows the standard N+2 structure, though unvested RSUs are forfeited entirely. The package is notably leaner than recent peers\u2014Block offered 20 weeks plus extras, Meta’s 2025 round included 16 weeks with six months of healthcare. Oracle’s offer includes neither health continuation nor additional perks.The cuts are widely tied to Oracle’s aggressive\u2014and expensive\u2014AI data centre expansion. The company has taken on $58 billion in new debt in two months, its stock has dropped over 25% this year, and several US banks have reportedly pulled back from financing its infrastructure projects. Oracle declined to comment.<\/p>\n We are sharing some difficult news regarding your position.<\/span>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. <\/span>As a result, today is your last working day.<\/span>We are grateful for your dedication, hard work, and the impact you have made during your time with us.<\/span>After signing your termination paperwork, you will be eligible to receive a <\/span>severance package<\/span> subject to the terms and conditions of the severance plan. You will receive an email from DocuSign to your Oracle email address with details on your severance and termination date.<\/span>Immediate Action Required<\/span>To receive important follow-up information, including FAQs and separation documents to help you through this transition, you must provide a personal email address.<\/span>Please click here to submit a personal email address immediately. If you make a submission error, please re-submit a new form. <\/span>Please Note: The personal email address will only be used for correspondence regarding separation-related information and severance agreements.<\/span>Access to your computer, email, voicemail, and files will be deactivated soon, and you will be unable to log into your computer. As a reminder, you are prohibited from downloading, copying or retaining (including emailing yourself) any Oracle confidential information.<\/span>Thank you for your contributions to our organization. If you have additional questions, please reach out to the HR team via the Ask HR page or at (888) 404-2494.<\/span>Oracle Leadership<\/span><\/div>\n<\/div>\n\nSign the papers first\u2014severance comes after DocuSign<\/b><\/h2>\n<\/p>\n
Read layoff email from Oracle leadership, in full<\/b><\/h2>\n<\/p>\n