Oracle | Layoff Event
Summary
Oracle is continuing with layoffs as part of its $1.6 billion restructuring plan, with up to 10,000 positions potentially affected. On November 3, 2025, 260 employees in Washington state were expected to be laid off.
Layoff Details
- Reason
- Part of its $1.6 billion restructuring plan
- Affected Locations
- Washington state (260 employees)
Market Impact
Oracle's ongoing restructuring and associated layoffs are likely aimed at improving long-term financial health and operational focus, which can be positively received by the market.
Industry Context
This reflects a broader trend of large tech companies undergoing significant restructuring to adapt to market changes, optimize costs, and reallocate resources.
Stock Performance Around Layoff
Company Info
- Industry
- Software - Infrastructure
- Headquarters
- Austin, TX, United States
- Total Employees
- 162,000
- Founded
- 1977
- Stock
- ORCL
- Market Cap
- $635.30B
Disclaimer
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