Oracle Layoffs in California Underway; Approximately 700 Employees to be Terminated by June

Oracle's Massive Layoffs: 30,000 Employees Affected Globally

Oracle, a leading technology company, has begun recording its layoffs in public filings, with the dismissals commencing on March 31. The layoffs are part of a broader effort to address the company's cash crunch, which is attributed to its massive AI data center expansion. Oracle is planning to cut thousands more jobs as it navigates this financial challenge.

California Oracle Layoffs

According to a report by The New York Post, approximately 700 workers in California are expected to lose their jobs by June 1. These layoffs are part of the broader 30,000 people affected by the company's job cuts. Companies in California are required to submit a notice to the state in advance for mass layoffs, plant closures, or relocations.

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

The layoffs in California will affect various Oracle offices, including Redwood City, Santa Clara, Pleasanton, Santa Monica, and Seattle. The company, led by billionaire Larry Ellison, will cut 310 workers in Redwood City, 184 in Santa Clara, 158 in Pleasanton, and 50 in Santa Monica. Separately, 491 workers at Oracle's Seattle offices will be let go as part of the broader job cuts across the company.

Oracle's Global Workforce

Oracle had about 162,000 full-time employees globally as of May 2025. The company's job cuts are part of a "reduction in force and other terminations," with its Seattle sites remaining open. The layoffs are expected to impact various departments and roles within the company.

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline

Tech Industry Layoffs

The job cuts at Oracle are part of a larger trend in the tech industry, where companies are increasingly realigning resources toward AI development. According to Layoffs.fyi, more than 70 tech companies have cut around 40,480 jobs so far this year. The trend is heightening fears of AI-driven disruptions among workers, with companies like Meta laying off hundreds of employees across multiple teams to finance AI costs.