Oracle cuts 359 high-paid Seattle-area jobs in latest AI restructuring push – Lynnwood Times

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SEATTLE — Oracle America Inc. announced on Monday, September 14, that it will permanently eliminate 359 positions held by remote workers across Washington state and employees at its two downtown Seattle offices as part of a broader organizational change driven by the adoption of artificial intelligence across its operations and a strategic shift toward capital-intensive cloud infrastructure.

The Worker Adjustment and Retraining Notification (WARN) filing says that the terminations will take effect November 13. The Seattle sites at the Russell Investments Center and 2025 Fifth Avenue will remain open. No bumping rights apply, and the company said the reductions are not tied to relocation nor outsourcing.

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The jobs are overwhelmingly mid-to-senior and executive technical positions. The list includes dozens of software developers at levels 3, 4 and 5; core infrastructure, platform software and site reliability engineers carrying titles such as senior, principal and lead principal; program managers at levels 3 through 5; product managers; and a cluster of directors, senior directors and vice presidents in engineering, product management, user experience and program management. A smaller number of analysts, specialists and sales roles appear as well.

Compensation data from Levels.fyi, Blind and Glassdoor for Oracle roles in the Greater Seattle area show typical total packages—base salary plus annualized stock and bonus—running $200,000 to $280,000 for Software Developer 3 and similar mid-level individual-contributor titles, $280,000 to $380,000 for principal and senior engineer or program-manager 4 roles, and $350,000 to $500,000-plus for directors. Vice-president packages commonly reach $450,000 to $700,000.

Weighted across the 359 job classifications, the estimated median total compensation falls in the $240,000-to-$280,000 range and the average in the $260,000-to-$320,000 range. Even conservative base-salary figures place most of these positions well above typical Seattle-Tacoma-Bellevue metro annual compensation of about $124,000.

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Therefore, the estimated annualized compensation tied to the 359 separations lands in a ballpark of roughly $93.4 million to $115 million, at risk of no longer contributing to the local economy assuming the affected employees leave the area.

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In its fiscal 2026 annual report, Oracle stated that “the adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce.”

The same filing showed a net headcount drop of about 21,000 employees worldwide, or 13%, from 162,000 to 141,000 as of May 31, 2026. Restructuring costs for the year totaled roughly $1.8 billion. The company is pouring tens of billions into data-center capacity to support large AI contracts, including work tied to OpenAI and other hyperscale customers, while trimming payroll in traditional software, consulting and support functions.

In Washington the latest 359 positions bring Oracle’s 2026 cuts in the state to about 850 when added to the 491 jobs eliminated in March. Combined with earlier 2025 reductions of 161 in August and 101 in September, more than 1,100 Oracle workers in the Seattle area have been let go since mid-2025.

Oracle reported $67.4 billion in fiscal 2026 revenue, up 17%, with cloud revenue reaching $34 billion, up 39%. GAAP net income was approximately $17 billion. First-quarter fiscal 2027 results, released September 10, showed revenue of $19.3 billion, up 30%, and a remaining-performance-obligation backlog of $664 billion.

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Oracle employs about 141,000 people globally, including roughly 49,000 in the United States. In Washington it maintains the two Seattle offices after closing a Bellevue location in 2024 and shrinking space at the Fifth Avenue site.

The recent cuts by Oracle add to a recent pattern of high-paid technical and managerial layoffs across the Puget Sound region. In late-August and early-September, WARN filings of nearly 600 additional separations at companies including Amazon and Qualtrics, listed software engineers, product managers, applied scientists and directors.

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