Oracle falls over 5% in premarket trading as the company launches a new round of layoffs, with some teams seeing double-digit percentage cuts.

BlockBeats news, September 14: According to Bitget market data, Oracle's U.S. pre-market shares fell more than 5%, currently quoted at $142.45. On the news front, Oracle has launched a new round of layoffs, and people familiar with the matter said the layoffs are expected to begin on Monday of this week.

Earlier in August, Oracle had already formulated a new round of layoffs aimed at cutting salary costs, as the company is accumulating billions of dollars in debt to fund AI infrastructure construction. According to internal documents, layoffs in some teams reached double-digit percentages. According to the company's recently filed documents, in fiscal year 2026 ending May 31, Oracle's headcount decreased by 21,000, a decline of 13%.

Oracle said that before this round of layoffs began, the company had about 141,000 employees. Oracle has accumulated tens of billions of dollars in debt to build data centers, betting on growth in AI demand. Oracle reported that first-quarter capital expenditures reached $28.5 billion, up from $8.5 billion in the same period last year, and maintained its fiscal year 2027 capital expenditure forecast at between $90 billion and $95 billion.