Oracle layoffs: Managers asked to pick employees to 'fire' before September 1

Oracle is planning fresh layoffs this month, with managers reportedly asked to identify employees whose roles will go before its second fiscal quarter opens on September 1. Some teams face double-digit percentage cuts. The move follows a year in which Oracle eliminated 21,000 jobs, spent $1.8 billion on restructuring, and poured $55.7 billion into AI data centres.