New Delhi, June 2 -- Oracle Corp has moved into the final phase of what is expected to be its largest workforce reduction, with thousands of employees reaching official separation dates between June 1 and June 15. The company is expected to complete the departure of nearly 30,000 employees, or about 18% of its global workforce.

Oracle layoffs come despite the software giant posting robust earnings and accelerating growth in cloud and artificial intelligence (AI).

During the third-quarter fiscal 2026, Oracle reported stronger-than-expected earnings, driven by surging demand for cloud infrastructure and AI-related services.

The company's revenue rose 22% year-on-year (YoY) to $17.2 billion, while cloud revenue jumped 44% to $8.9 billion,...