Oracle Executes Pre-Dawn Mass Layoffs as AI Data Center Spending Balloons
量子位 · wechat · 2026-09-15
Oracle laid off a large swath of employees Monday with a minute-precise process: credentials killed at 4am, Slack logged out by 5:30am, termination emails at 6am, all severance paperwork due same day. Headcount has fallen 13% (162k→141k) over the past year, while Oracle simultaneously hires for data centers to fund its $300B OpenAI cloud deal—Q1 capex hit $28.5B, exceeding revenue of $19.35B, with free cash flow at -$5.4B. Larry Ellison also scrapped a planned $7.5B stock sale two days before the layoffs.
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