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‘Today is your last working day’

San Francisco Chronicle • September 14, 2026 • business

Key Points:

Oracle began issuing layoff notices to employees early Monday morning as part of a broader organizational restructuring, with some employees reporting they lost access to corporate accounts before receiving official notifications.
Several affected employees expressed frustration on social media about the manner in which the layoffs were communicated, highlighting issues such as lack of prior warning and inaccessible email notifications.
These layoffs contribute to a continued reduction in Oracle's workforce, which shrank from approximately 162,000 employees a year ago to 141,000 as of May 31.
Despite workforce cuts, Oracle reported strong financial performance, with cloud infrastructure revenue increasing 121% to $7.4 billion in Q1 of fiscal 2027 and operating income rising 57% to $6.7 billion.
The company now projects total fiscal year revenue of at least $90 billion, reflecting robust business growth amid ongoing organizational changes.

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