American multinational technology firm Oracle reportedly laid off thousands of employees on Tuesday, sending termination emails at 6 a.m.
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The cuts represent roughly 18% of Oracle’s global workforce. They reportedly affected staff across Oracle Health, Sales, Cloud, Customer Success, and NetSuite divisions.
“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. As a result, today is your last working day,” copies of the email viewed by Business Insider stated.
Employees who were let go were also informed that after signing their termination documents, they would be “eligible to receive a severance package subject to the terms and conditions of the severance plan.”
Oracle is far from the only company trimming its workforce as restructuring efforts sweep across the tech sector. Just last week, Meta initiated a round of layoffs, cutting hundreds of roles across five different divisions.
Earlier this year, in January, Amazon eliminated around 16,000 positions. Jack Dorsey’s firm Block reduced its workforce by nearly half, laying off more than 4,000 employees in February.
The cryptocurrency industry is facing similar headwinds. Gemini Space Station has reduced its workforce by roughly 30% since the start of 2026.
Meanwhile, Crypto.com has laid off about 12% of its staff, while the Algorand Foundation cut approximately 25% of its workforce. Crypto market intelligence platform Messari also noted that it “parted ways with many teammates.”
