Oracle is laying off more than 700 employees across multiple California locations. The job cuts take effect by June 1 at offices in Redwood City, Santa Clara, and Pleasanton.
These reductions occur despite Oracle reporting a 22% revenue increase during its third-quarter earnings in March. Management is adjusting the workforce to support ongoing investments in artificial intelligence.
The company previously relocated its headquarters to Austin in 2020 and Nashville in 2024. Broader tech sector trends include planned workforce reductions at Meta, Google, and Amazon in 2026.