Oracle Lays Off Up to 30,000 Employees via 6 AM Email — Redirecting $8-10B to AI Infrastructure

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Oracle terminated an estimated 20,000-30,000 employees (~18% of its 162,000 workforce) via a brief 6 AM email signed by 'Oracle Leadership,' immediately locking out affected workers across the US, Canada, India, and Europe. TD Cowen estimates the cuts free $8-10B in cash flow to fund Oracle's AI and cloud infrastructure buildout. Revenue and Health Sciences divisions were hit hardest at ~30% staff reductions each, making this the largest single tech layoff event of 2026 so far.