A new report shows Oracle has not lived up to its promise to bring thousands of jobs to Tennessee.
According to LayoffHedge, Oracle has created a net gain of seven jobs from 2022 to January 2026.
LayoffHedge is an “independent tracker documenting every major workforce reduction in 2026.”
This reported figure is far lower than the technology company said it would create when it announced its headquarters relocation in April 2021. At the time, Oracle said it would create 8,500 jobs by 2031 and invest $1.2 billion in Nashville.
“We are thrilled that Oracle is ready to make a billion-dollar bet on Nashville,” then-Nashville Mayor John Cooper said. “Oracle will bring a record number of high-paying jobs to Nashville and they will pay upfront all the city’s infrastructure costs. This is a huge win for our city.”
As part of the deal, Oracle received $240 million in tax subsidies: $65 million from the state government and $175 million from the City of Nashville.
On March 31st, Oracle sent an email to up to 30,000 employees saying that they were being laid off despite posting a 95 percent net income increase in the second quarter of Fiscal Year 2026, according to Yahoo Finance.
After laying off American workers, the technology company co-founded by Larry Ellison then filed an estimated 3,126 petitions to sponsor H-1B workers.
Scott Twaddle, senior vice president at Oracle Development, told The Tennessee Star via email that since the company announced its plans, it has “grown our talent base in Nashville considerably, recruiting locally, regionally and from across the country and across multiple disciplines.”
“Our Nashville campus is a long-term investment, and hiring will continue to scale as development progresses. We remain committed to creating thousands of high-quality jobs and delivering meaningful economic impact for the community,” he added.
Oracle announced in March it signed a new 116,000-square-foot office lease in Nashville.
Another large corporation, Starbucks, announced this week that it would be opening an office in Nashville. The coffee company said it will invest $100 million in Tennessee and create up to 2,000 jobs.
“This city offers a deep, diverse talent pool and a strong sense of community, making Nashville another ideal place to invest for the long term,” Brian Niccol, Starbucks’ CEO, said.
Governor Bill Lee, who was the governor at the time of Oracle’s announcement, said Tennessee is “proud to add Starbucks to the strong roster of brands that place their trust in our business climate and skilled workforce.”
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Zachery Schmidt is the digital editor of The Star News Network. Email tips to Zachery at [email protected].
Ognash is absolutely correct. The giveaway of Tennessee taxpayer dollars to Oracle, Ford and countless other businesses is a total sham. I have harped on this to my high-ranking state representative for several. All I ever get is a shrug and the answer that it has always been done this way. He cannot even tell me how many millions of dollars are allocated each year to the slush fund for economic “development?”. If Tennessee is such a great place for businesses, then they will come without being bought. In fact, I am ready for the influx of out-of-state people and businesses to slow down. We are being crushed by the unabated influx.
When they help their employees murder their unborn babies and also help their employees (and their kids) chemically and/or physically castrate themselves, then it should not come as a surprise that they have no problem not honoring their promises or not telling the full truth.
“Oracle provides a benefits package for employees that covers travel/lodging costs for an abortion and transgender medical procedures for covered employees and dependents, including children”
Oracle created seven jobs and brought in hundreds of Left-wing voters from Kalifornia. Thanks for nothing!
All the tax incentives for this relocation of their headquarters should be rescinded and never brought up again. In fact, government needs to stop doing this totally and wasting taxpayers money because these things never pay for themselves and that’s been proven time and time again.