Veytics Intelligence
2026-09-15 · Yahoo

After $664 billion backlog, Oracle sends shocking message to staff

Oracle just proved that even a company sitting on one of the largest sales backlogs in tech history is not immune to hard choices about headcount. Employees who thought the worst of the cuts were behind them are finding out otherwise. The pattern is becoming familiar at this point. Oracle keeps pouring tens of billions of dollars into AI data centers, and every few months, another wave of job cuts follows close behind to help pay for it. Oracle has started a new round of layoffs The termination notices landed the way they usually do at Oracle now, short, formal, and final.

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