Oracle begins new round of layoffs as cloud infrastructure revenue jumps 121% to $7.4 billion
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Oracle began a new round of layoffs, signaling ongoing cost discipline and organizational restructuring, even as it reported sharp acceleration in cloud infrastructure revenue (+121% YoY to $7.4B) and stronger operating income (+57%). The juxtaposition highlights continued demand strength alongside efficiency efforts. Near-term market focus is likely to center on execution risk in cloud scaling, margin sustainability, and guidance credibility.
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Oracle has launched a new round of layoffs, with some employees receiving early-morning notifications, Business Insider reported. The company also said revenue from its cloud infrastructure business rose 121% year over year to $7.4 billion in the first quarter of fiscal 2027. Operating income increased 57% to $6.7 billion, and Oracle said it now expects total revenue of at least $90 billion for the fiscal year. As of May 31, Oracle had about 141,000 employees, down by roughly 21,000 from a year earlier.
