April 1 (Reuters) – Cloud computing company Oracle is laying off thousands of employees, CNBC reported on Tuesday, citing two people familiar with the matter.
On Tuesday night, Oracle announced that it will lay off 491 employees working remotely in Washington state and its Seattle offices, effective June 1, according to a notice filed under the Worker Adjustment and Retraining Notification (WARN) Act.
The staff cuts are part of a ‘reduction of staff and other mass layoffs,’ Oracle said, adding that its Seattle facilities will remain open. The company had about 162,000 full-time employees worldwide as of May 2025.
The WARN Act requires employers to give employees at least 60 days’ notice of mass layoffs.
Oracle declined to comment on the CNBC report, although several social media users on Reddit, X and the anonymous worker network Blind shared details of the potential cuts, fueling uncertainty and confusion among employees.
The mass layoffs come amid an increase in Oracle’s investment in artificial intelligence infrastructure in an effort to better compete with cloud rivals such as Alphabet and Amazon.
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In a filing in March, Oracle said it expects total costs related to its restructuring plan for fiscal 2026 to reach $2.1 billion, driven primarily by employee severance and related expenses.
The company’s shares rose more than 5% in afternoon trading, but are still down around 29% this year.
Meanwhile, more than 70 technology companies have already cut about 40,480 jobs this year, according to Layoffs.fyi, as companies reallocate more and more resources to AI, raising fears of AI disruption among workers.
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Last week, Meta laid off a few hundred employees across several teams, a source told Reuters. Earlier this month, Reuters had reported that Meta planned mass layoffs that could affect 20% or more of its workforce.
