{"id":99413,"date":"2026-04-05T03:26:58","date_gmt":"2026-04-05T06:26:58","guid":{"rendered":"https:\/\/ubirataonline.com.br\/oracle-fired-up-to-30000-workers-via-email-after-a-95-profit-surge-tech-companies-are-cutting-almost-1000-jobs-day\/"},"modified":"2026-04-05T03:27:06","modified_gmt":"2026-04-05T06:27:06","slug":"oracle-fired-up-to-30000-workers-via-email-after-a-95-profit-surge-tech-companies-are-cutting-almost-1000-jobs-day","status":"publish","type":"post","link":"https:\/\/ubirataonline.com.br\/en\/oracle-fired-up-to-30000-workers-via-email-after-a-95-profit-surge-tech-companies-are-cutting-almost-1000-jobs-day\/","title":{"rendered":"Oracle fired up to 30,000 workers via email after a 95% profit surge. Tech companies are cutting almost 1,000 jobs\/day"},"content":{"rendered":"

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It sounded, at first, like a cruel, early April Fool\u2019s joke. But in reality, tech giant Oracle reportedly emailed workers at 6 a.m. on March 31 to deliver digital pink slips (1).<\/p>\n

\u201cWe are sharing some difficult news regarding your position,\u201d the email sent to staff, and reviewed by Business Insider<\/em>, said. \u201cAfter careful consideration of Oracle’s current business needs, we have made the decision to eliminate your role as part of a broader organizational change. As a result, today is your last working day\u201d (2).<\/p>\n

It\u2019s unclear exactly how many employees lost their jobs, with reports ranging from 10,000 (3) to 30,000 (4). The latter would represent almost 19% of the company\u2019s 162,000 workers (5). Moneywise<\/em> reached out to Oracle for clarification about the number of job cuts, and the reasons behind them, but was told that \u201cOracle declines comment.\u201d<\/p>\n

One of the laid off employees, Nina Lewis, who served as a security alert manager, posted on LinkedIn after receiving the notice, writing, \u201cafter 34 (33 of them great) years at Oracle, I join the 30,000 or so laid off today. Quite a shock.\u201d She added that \u201cIt seems layoffs follow an algorithm of high level individual contributors and mid-level managers – especially those with outstanding stock options\u201d (6).<\/p>\n

The layoffs came after Oracle \u2014 which was co-founded by billionaire Larry Ellison, who also serves as its executive chairman \u2014 posted a 95% net income increase last quarter, to the tune of just over $6 billion (7). The company\u2019s stock, however, closed at $147.11 the day of the layoffs (8) \u2014 about a 55% fall from its all-time highest closing last September at $326.90.<\/p>\n

Oracle is, as Bloomberg<\/em> noted (9), attempting to manage \u201ca cash crunch from a massive AI data center expansion effort\u201d in its pivot to compete with Amazon and power AI infrastructure for companies like OpenAI \u2014 with which it signed a $300 billion agreement last year (10). It\u2019s also been reported that Oracle\u2019s borrowing costs have doubled (4) as banks back off of financing the data center expansion, while a TD Cowen analysis found that cutting 20,000 to 30,000 jobs could save the company up to $10 billion (11).<\/p>\n<\/p><\/div>\n