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  • Hacker News
  • Never bet against Clay.
    by mgdev
  • They just deleted some TPM positions.
    by BikiniPrince
  • I am told that Oracle's main business activity is suing its own customers. Hopefully they fired 21,000 lawyers.
    by t0mpr1c3
  • Best part:

    “Oracle petitioned the court against the requirement, arguing that these financing costs would deter future investment in the state, while emphasizing its commitment to the project, […]. Regulators, on the other hand, remained firm in their stance, clarifying that existing customers should not subsidize data centers. This issue is not limited to Wisconsin: At least 24 US states have already approved special rates, minimum conditions, exit penalties, and collateral requirements for heavy electricity consumers.

    by sinuhe69

  •     >According to the annual report of the computing giant published this week, the company had 141,000 employees as of May 31, 2026. This is a significant downsizing compared to the corresponding period last year, when the number of employees at Oracle stood at approximately 162,000 people. The report further reveals that the company paid a massive fortune of $1.84 billion for severance pay and other retirement expenses accompanying the restructuring moves in the current fiscal year.
    Workforce remains huge at 141k so perhaps a non story and just normal big company rounds of redundancies that were the case pre-ai
    by fsuts
  • Didn't know they had 20k developers. I thought Oracle is just lawyers. Or did they replace lawyers with AI?

    /s

    by chrisandchris
  • 20k layoffs is still humongous, something that easily shows up on a monthly labor report.

    Put another way, this is 13% of their workforce. It may be trying to be normalized, but it is in fact not normal to remove over an 8th of your business at once.

    by johnnyanmac
  • I love the smell of freshly mown grass in the morning!

    When I joined the grass cutting lawnmower party, I didn't think it would mow my lawn!

    by DonHopkins
  • [dupe]

    Recent related:

    Oracle could face $7B collateral bill for Wisconsin data centre

    https://news.ycombinator.com/item?id=48993488

    S&P Global has lowered Oracle’s creditworthiness from BBB to BBB-

    https://news.ycombinator.com/item?id=48909768

    And 3 months ago:

    Oracle slashes 30k jobs

    https://news.ycombinator.com/item?id=47587935

    by ChrisArchitect
  • It feels like the end is near for Oracle, and good riddance?

    I'm not an American, so I'm not familiar with Oracle's database tech but looking through history of what good/bad Oracle has done for the world:

    - good: btrfs for linux

    - good: mysql (inherited)

    - good: openjdk (inherited)

    - good: virtualbox

    - bad: oracle v google (copyrighting APIs)

    - bad: mass surveillance (i.e. BlueKai)

    - bad: aggressive value extraction

    - bad: general mega corporation bullying

    Sad that 21,000 people lost their jobs, but I don't think many people are shedding tears for Oracle itself.

    by wraptile
  • I don't understand why Oracle is hated more on HN than other large companies.

    I saw that whole "don't anthropomorphize Oracle" but I suppose it's hard to understand if you weren't there.

    by Cider9986
  • Virtualbox is inherited too, originally by Innotek, then they got bought by Sun, and later Sun bought by Oracle. Oracle also let OpenOffice languish, restricted Solaris, restricted the Java framework (it was already open sourced by Sun before their acquisition, we got tons of OpenJDK build precisely because of Oracle hobbling Java licensing) and sit on the Java language development long enough that JetBrains comes up with Kotlin (is that "good"? Probably bad, just like if someone let a good restaurant crumble and others got fed up and start their own)
    by martheen
  • > By the end of fiscal year 2026, the company's workforce was slashed by about 21,000 employees – a decline of roughly 13% – from 162,000 to 141,000 workers.

    Is this article from the future?

    > Story by WALLA! MONEY

    Who?

    by NotMichaelBay
  • Oracle's fiscal year is June through May. And they enumerate their years so that the year number matches the calendar year when the year closes in May.

    I'd guess their fiscal year is trying to align with fiscal years of schools and governments, which are major customers and often have budget cycles aligned july-june or similar.

    by toast0
  • You kinda think senior management knows what goes on, but if you ever got in touch with senior management, you just know they have no idea and go off of vibes, as soon as the vibe shifts around them, its time to socialize the consequences... downwards
    by mawadev
  • There are maybe 1 in 10 that really truly know what they are doing.
    by etempleton
  • To be fair some of those CEOs will have trouble finding golf buddies for a few months.
    by PearlRiver
  • The article seems to be more about Oracle being forced to cough up $7B as collateral for one of their new shiny (future-) data centers - even though apparently they tried to make this requirement go away, but the regulators weren't touched by their crocodile tears.
    by not_your_vase
  • I'm shocked regulators didn't budge. Good.
    by arm32