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Oracle is preparing a new round of workforce reductions across its global operations. A recent disclosure shows the company allocated $700 million for severance costs, marking an increase in staffing cuts. This restructuring occurs as the software giant shifts internal resources to accelerate the construction of data centers for artificial intelligence.
First quarter revenue grew 30% to $19.3 billion, exceeding analyst expectations. Oracle reported a record remaining performance obligation of $664 billion after booking $30 billion in new AI cloud contracts that required no additional capital. Quarterly capital spending tripled to $28.5 billion to deliver more than 300,000 GPUs to customers since the end of the previous quarter.
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Key sources
- SOURCE@katie_roof“Oracle is planning yet more layoffs - just disclosed another $700M budgeted for severance costs”x.com
- SOURCE@vestexchange“FY27 revenue now guided to at least $90B, with non-GAAP EPS raised to $8.10”x.com
- SUPPORT@beth_kindig“Delivery in Q1 is almost 3x what we delivered in all of Q4 and 73% of the total capacity we delivered last fiscal year”x.com
- SUPPORT@rhouseresearch“implies they delivered 2GW+ of AI infrastructure in the five quarters ending August 2026”x.com
- SUPPORT@cnbc“Surging cloud revenue boosted Oracle’s quarterly results”x.com