
Oracle
US enterprise software giant that confirmed a 21,000-role AI-driven cut in its FY26 annual report.
On 10 September, Oracle reported $28.5bn in quarterly capital spending and 850 megawatts of new capacity as it maintained full-year spending guidance of $90bn to $95bn.
Last refreshed: 24 September 2026 · Appears in 4 active topics
Why was an Oracle WebLogic patch from January 2024 still delivering ransomware in June 2026?
Timeline for Oracle
Spent $28.5bn on capex and delivered 850 MW in the quarter
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AI: Jobs, Power & MoneyBackground
Oracle is a US enterprise software company founded in 1977 and headquartered in Austin, Texas. Its businesses include enterprise databases, Oracle Cloud Infrastructure and healthcare technology. Its products sit inside large organisations' operational systems, which makes both capacity investment and security maintenance consequential for customers.
Oracle's cloud business has placed the company among the firms financing new data-centre capacity. On 10 September, it reported 850 megawatts of new capacity and maintained annual spending guidance of $90bn to $95bn.
Its older enterprise products remain part of the company's durable exposure. On 1 June, attackers were reported exploiting a previously patched WebLogic Server flaw, while CISA set a separate three-day patch Deadline for E-Business Suite on 15 July.
Oracle expands data centre capacity
On 10 September, Oracle reported $28.5bn of capital spending for its first fiscal quarter and maintained full-year guidance of $90bn to $95bn. It said it had delivered 850 megawatts of new capacity, tying its investment programme to physical data-centre build-out.
Customer prepayments reduced Oracle's cash outlay for the quarter to $18bn. The programme therefore depends partly on customers bearing costs before the capacity is delivered, while permit pauses in Texas, New York and Loudoun County constrain the places where Oracle can add infrastructure.
Oracle links cuts to AI
On 22 June, Oracle told US regulators that AI adoption helped drive a reduction in headcount from 162,000 to 141,000. Its severance costs rose to $1.84bn, and the filing marked the first written statement from Oracle linking AI to the workforce reduction.
On 26 July, Oracle's credit default swap spread reached the level seen during the 2008 financial crisis, according to Apollo Global Management chief economist Torsten Slok. The event connected market concern to the cost of Oracle's infrastructure programme, rather than treating the job cuts as a standalone restructuring.
Oracle faces enterprise patch pressure
On 15 July, CISA set Oracle E-Business Suite users a three-day Deadline to patch CVE-2026-46817, a privilege-management flaw. The Deadline reflected the importance of the software in finance and human-resources systems, not evidence that an attacker had exploited that specific flaw.
On 1 June, CISA also added a WebLogic Server vulnerability to its urgent-action list after attackers used the flaw to install Cobalt Strike and Sodinokibi ransomware from at least mid-May. Oracle had patched that vulnerability in January 2024, but affected deployments remained exposed.