The US-based tech company Oracle is laying off thousands of employees, with 491 workers in Washington state and Seattle already notified of termination effective June 1, according to a filing under the Worker Adjustment and Retraining Notification Act, states a recent report by CNBC.

As per the report, the company described the job cuts as part of a "reduction in force and other terminations." It stated that its Seattle offices will remain open. Oracle had approximately 162,000 full-time employees globally as of May 2025.

The layoffs follow a CNBC report citing sources familiar with the matter. Reuters reports that Oracle declined to comment on that report, but social media posts on Reddit, X, and the anonymous workplace network Blind have added to uncertainty among staff.

In a March filing, Oracle said it expects total costs tied to its fiscal 2026 restructuring plan to reach up to $2.1 billion, driven largely by employee severance and related expenses. The cuts come as Oracle increases spending on artificial intelligence infrastructure to compete with cloud rivals such as Alphabet and Amazon.

More than 70 tech companies have cut around 40,480 jobs so far this year, according to layoffs tracker platform Layoffs.fyi, as firms shift resources toward AI. Meta laid off a few hundred employees last week, following reports of potential sweeping cuts affecting 20% or more of its workforce.