Oracle Corp (NYSE:ORCL) has begun another round of job cuts, Business Insider reported on Monday, citing three affected employees and an email obtained by the publication.
The layoffs began on Monday, in line with expectations from a source familiar with the matter, according to the report. An Oracle spokesperson had not responded to a request for comment at the time of publication.
Business Insider reported last month that Oracle had prepared plans for additional workforce reductions as it sought to lower payroll costs while taking on billions of dollars of debt to finance artificial intelligence infrastructure.
An internal document cited by the publication indicated that planned reductions amounted to double-digit percentages in some teams.
Oracle Workforce Fell 13% in Fiscal 2026
People claiming to have been affected by the latest reductions also posted about the layoffs on LinkedIn, Reddit and Blind on Monday, according to the report.
The latest cuts follow workforce reductions earlier in the year. Oracle’s employee count fell by 21,000, or 13%, during the fiscal year ended May 31, 2026, according to a recent company filing.
Oracle had approximately 141,000 employees before the latest reported round of reductions.
Larry Ellison Cancels Share Sale Plan
Separately, Oracle co-founder Larry Ellison cancelled a Rule 10b5-1 trading plan that could have allowed him to sell up to 50 million Oracle shares through October 24.
The shares would have been worth approximately $7.5 billion based on the valuation cited in the report.
The plan had been adopted on June 22, 2026, and its cancellation was disclosed in a September 11 filing. Oracle confirmed that no shares were sold under the plan.
Oracle has not publicly provided a reason for Ellison’s decision to cancel the plan, and no alternative share-sale plan has been disclosed.