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Business Insider

Oracle CFO tells staff 'doing more with less' isn’t the goal after layoffs

AI Market Summary
Oracle's CFO signaled the company is prioritizing process simplification over "doing more with less" as fresh layoffs follow a 13% workforce reduction in FY2026. The message underscores a balancing act: aggressive AI and data-center expansion alongside cost discipline. Capex surged to $28.5B in Q1 and the FY2027 capex outlook of $90–$95B was maintained, highlighting sustained infrastructure investment despite headcount cuts.
Impact level
● Medium
Affected assets
NCSKORCL2USD/USDT-2.87%
AI Insight · NCSKORCL2USD/USDTAI Insight
● Neutral
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Oracle’s chief financial officer told employees at a companywide meeting that “doing more with less” is not the solution, after the company launched a new round of layoffs. In fiscal 2026 ended May 31, headcount fell by 21,000, or 13%. Oracle said first-quarter capital expenditures rose to $28.5 billion from $8.5 billion a year earlier. It also kept its fiscal 2027 capital spending forecast at $90 billion to $95 billion.
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