Oracle employees receive abrupt termination notices amid layoffs

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Thousands of workers found their badges, Slack accounts, and system logins killed before a 6 a.m. email told them they no longer had jobs.

by Editorial Team

Mon 14 Sep 2026 · 14:34 EDT 2 min read

In Technology

Oracle Corporation (ORCL) price

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Last close: $131
Close-to-close change: +3.5%
Market cap: $394.7B (shares as of 2026-09-07)
P/E (trailing): 20.5 (EPS to 2026-08-31)
Annual revenue: $67.4B USD (FY ended 2026-05-31) 10-K
Annual revenue growth: +17.3% (FY ended 2026-05-31 vs FY ended 2025-05-31) 10-K
Annual net income: 17,087,000,000 USD (FY ended 2026-05-31, attributable to the company) 10-K
Annual operating margin: 30.6% (FY ended 2026-05-31)
Forward P/E: Unavailable: no dated forecast source

Gloria daily close for session Oct 27, 2026. Market cap and trailing P/E use this close with the SEC share total and trailing diluted earnings, each dated next to its figure. Annual revenue, revenue growth, net income and margin show their own fiscal period and link the 10-K. Current context may postdate this article.

Oracle Corporation and its peers

Company	Price	Market cap	P/E (trailing)	Forward P/E	Annual revenue (USD)	Annual revenue growth	Annual net income (USD)	Operating margin
Oracle Corporation ORCL · Price dated Oct 27, 2026 · tokenized ORCLx	$131	$394.7B	20.5	Unavailable	$67.4BFY ended 2026-05-31 · 10-K	+17.3%FY ended 2026-05-31 vs 2025-05-31 · 10-K	17,087,000,000FY ended 2026-05-31, attributable to the company · 10-K	30.6%FY ended 2026-05-31
Palantir Technologies Inc. PLTR · Price dated Oct 27, 2026 · tokenized PLTRx	$199	$477.5B	169.9	Unavailable	$4.5BFY ended 2025-12-31 · 10-K	+56.2%FY ended 2025-12-31 vs 2024-12-31 · 10-K	1,625,033,000FY ended 2025-12-31, attributable to the company · 10-K	31.6%FY ended 2025-12-31
CrowdStrike Holdings Inc. CRWD · Price dated Oct 27, 2026 · tokenized CRWDx	$268	$274.4B	Not meaningfulLoss, diluted EPS −0.45 to 2026-07-31 · SEC filing	Unavailable	$4.8BFY ended 2026-01-31 · 10-K	+21.7%FY ended 2026-01-31 vs 2025-01-31 · 10-K	−162,502,000FY ended 2026-01-31, attributable to the company · 10-K	−6.1%FY ended 2026-01-31
Shopify Inc. SHOP · Price dated Oct 27, 2026	$166	Unavailable	112.0	Unavailable	$11.6BFY ended 2025-12-31 · 10-K	+30.1%FY ended 2025-12-31 vs 2024-12-31 · 10-K	1,231,000,000FY ended 2025-12-31, attributable to the company · 10-K	12.7%FY ended 2025-12-31

Missing figures stay unavailable. Forward P/E requires a dated source. Annual revenue, revenue growth, net income and margin come from each company's own 10-K, in US dollars, and each row shows that fiscal year. Revenue growth compares the fiscal year with the prior year stated in the same 10-K. Net income is the full year amount attributable to the company, or available to common stockholders where the filing states only that, or consolidated net income. Each row names its basis. Trailing P/E reads "Not meaningful" when the dated trailing diluted EPS is a loss or zero. An operating margin appears only when the filing states both the operating income and the revenue for the same year.

Sources: SEC filings, Gloria daily closes and CoinGecko. Oldest record refresh: Oct 27, 2026, 10:37 PM EDT. Refresh is not a price or filing date. Each row shows its price date and its annual fiscal period. Peers use industry code and company size, or editorial selection. Market cap multiplies that row price by the company share total the latest SEC filing states for every share class together. Trailing P/E divides it by trailing diluted earnings from SEC filings. Rolled earnings per share are approximate because share counts can change between periods. Both appear only when the SEC data carries its date, so they are estimates at one price date, not synchronized filing valuations. Not investment advice.

Oracle employees woke up on September 14 to discover they’d been locked out of their systems, their Slack accounts disconnected, and their building badges deactivated. The email explaining why didn’t arrive until 6 a.m.

The message, sent from a generic “Oracle Leadership” address, informed recipients that their roles had been eliminated effective immediately. No meeting. No manager conversation. Just a standardized notice telling them today was their last day, and could they please provide a personal email address so the company could send over severance paperwork.

The playbook Oracle keeps running

This isn’t Oracle’s first time using this approach. The company ran a nearly identical process during layoffs in March 2026, when employees similarly discovered they’d lost access to internal tools before any human being bothered to tell them they’d lost their jobs.

These latest cuts are part of a broader restructuring effort that has reshaped Oracle’s workforce dramatically over the past fiscal year. During fiscal year 2026, which ended on May 31, the company eliminated approximately 21,000 roles. That represents a 13% reduction of its global workforce, bringing total headcount from roughly 162,000 down to about 141,000.

Where the money is going instead

Oracle hasn’t been cutting costs to sit on the savings. The company has been pouring resources into AI infrastructure and cloud capacity, reorienting its business around the technologies it believes will drive growth over the next decade.

Recent filings show Oracle has allocated an additional $700 million for restructuring expenses. That figure covers severance packages, exit costs, and the operational overhead of dismantling teams and reassigning work.

The human cost of corporate efficiency

The instruction to provide a personal email address for severance documentation underscores just how immediate the separation is. Employees can’t receive their own termination paperwork through the company systems they used hours earlier because those systems are already gone.

Oracle’s severance and exit costs have climbed sharply during this restructuring cycle, which suggests the company isn’t simply eliminating positions without compensation.

The September round follows what has now become a recognizable pattern at Oracle: large-scale cuts announced with minimal advance warning, executed through automated system revocations, and communicated through impersonal mass emails. With the company’s headcount already down 13% from where it stood a year ago and $700 million earmarked for further restructuring, there’s little reason to assume this is the last round.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

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