Hacker News
Oracle's Cold 6AM Layoff Emails Hit Staff Amid New Wave of Cuts
Oracle has begun a new round of layoffs, sending termination emails at 6 a.m. to employees worldwide after a 13% workforce reduction of roughly 21,000 people in fiscal 2026. The company has increased its restructuring cost estimate to $2.8 billion, with severance packages offered but terms varying by role and region. Employees report immediate access cuts, including Slack and on-site badge failures, and some teams experienced double-digit percentage reductions.