Hacker News Reader

> The latest cuts come after Oracle's workforce fell by roughly 21,000 employees, or 13%, during fiscal 2026

13% doesn't seem too different from other tech companies

The 13% quoted there was from previous layoffs that mostly took place in Q2 of 2026.

This is another 20,000 - 30,000 (the exact number isn't public yet) on top of that.

The difference is that they didn't overhire during Covid.