Oracle to lay off 359 Washington workers in November

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  "signal_type": "news",
  "signal_subtype": "decreases_headcount_by",
  "detected_at": "2026-09-18T09:45:08+00:00",
  "company": {
    "name": "Oracle",
    "domain": "oracle.com"
  },
  "data": {
    "url": "https://finance.yahoo.com/technology/ai/articles/oracle-tells-employees-doing-more-094508947.html",
    "title": "Oracle Tells Employees 'Doing More With Less' Isn’t The Goal After Recent Layoffs, CFO Urges 'Thoughtful' Spending: Report - Yahoo Finance",
    "excerpt": "Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Oracle Corp 's newly appointed CFO, Hilary Maxson , reportedly told employees that the company's focus is not on \"doing more with less\" in her first company-wide meeting following recent layoffs. Maxson addressed the company's employees in her first all-staff meeting and emphasized the importance of thoughtful spending and simplifying processes that do not benefit customers, Business Insider reported on Tuesday. \"This means being thoughtful about where we spend our time and money,\" she said. Don't Miss: A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge - and why Still Learning the Market? These 50 Must-Know Terms Can Help You Catch Up Fast Neither Maxson nor other executives directly addressed the recent layoffs during the meeting, as per the report. Instead, they highlighted growth, customer demand, and the potential opportunities presented by artificial intelligence (AI). Co-CEO Mike Sicilia urged employees to continually ask, \"How does the work that I'm doing help deliver a better outcome for a customer?\" as Oracle begins its second quarter amid significant changes. Sicilia added, \"How we work together and how we show up for our customers and for each other matters most.\" Oracle did not immediately respond to Benzinga's request...",
    "summary": "Oracle Corp has initiated a new round of layoffs, offering severance of four weeks' base pay plus one additional week for each year of service.",
    "planning": false,
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    "confidence": 0.9,
    "published_at": "2026-09-18T09:45:08Z",
    "effective_date": "2026-09-14",
    "article_sentence": "On Monday, Business Insider reported that Oracle has begun another round of layoffs."
  }
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