Oracle sent abrupt emails to employees announcing their
roles were eliminated, effective immediately, as part of broader organizational
changes tied to its AI and cloud expansion.
The cuts follow a prior reduction of 21,000 jobs and target some teams with double-digit percentages, while the company hires for data-center and AI roles amid $90-95 billion in planned capital spending.
Sweeney, a
laid-off NetSuite analyst, wrote that technology should empower people, not
make them disposable, as Oracle prioritizes profit and AI over its human
workforce. The restructuring costs have risen to $2.8 billion, with shares
dropping 4.4% after co-founder Larry Ellison canceled a major stock sale.