Oracle Layoffs 2026 Explained: Oracle cuts 700 jobs in first wave — fears grow of massive layoffs that could hit 30,000
Oracle Layoffs 2026: Oracle Layoffs in California – Locations and Numbers
The cuts cover multiple locations, including 310 roles in Redwood City, 184 in Santa Clara, 158 in Pleasanton and 50 roles in Santa Monica, according to a report.
More Layoffs Expected in Oracle Restructurings
These layoffs are just the beginning. Another 491 layoffs have already been reported in Seattle, raising concerns that the company’s broader restructuring could affect thousands more workers.
Could Oracle Cut 30,000 Jobs? Analyst Predictions Announced
Analysts at TD Cowen have warned that Oracle could eventually cut up to 30,000 jobs as it looks to fund expensive AI infrastructure projects, the New York Post reports.
The company employs approximately 162,000 people worldwide as of May 2025, making the size of potential disruptions significant.
Tech Layoffs 2026: Job Loss Trends Across Industry
Oracle’s layoffs come amid a broader wave of job losses in the tech industry. According to Challenger, Gray & Christmas, 52,050 tech workers lost their jobs in the first three months of 2026 alone; This is an increase of 40% compared to the same period last year. Investments in artificial intelligence are increasingly associated with these reductions.
Companies Laying Off Jobs: Qualcomm, Meta, Google and Amazon
Other big players are also making cuts. According to a report by the New York Post, Qualcomm plans to lay off 67 workers in San Diego, while Meta plans to lay off approximately 200 people in Silicon Valley. Companies such as Google and Amazon have also reduced their staff this year, although they continue to invest heavily in artificial intelligence.
Impact of Tech Layoffs on the San Francisco Bay Area
The impact is already being felt locally, with unemployment rising in the San Francisco Bay Area earlier this year, according to the San Francisco Chronicle.
H-1B Visa Debate Amid Oracle Layoffs
Oracle’s handling of the layoffs also drew criticism online after reports showed it filed 3,126 H-1B worker petitions in fiscal years 2025 and 2026.
Oracle Revenue Growth Despite Workforce Reductions
Oracle recently reported strong financial performance despite layoffs; Its revenue rose 22% from a year earlier to more than $17 billion in the fiscal quarter ending Feb. 28.
Oracle Leadership Update: New CFO Appointment
The company also appointed Hilary Maxson as its new chief financial officer this week.
FAQ
Why is Oracle laying off employees?
Oracle is restructuring, and analysts say it may be linked to the financing of AI infrastructure projects.
How many people are being laid off right now?
Nearly 700 jobs have been reported so far in California and 491 in Seattle.
