Tech giant Oracle cuts 21,000 jobs as it embraces AI
Oracle said AI deployment across its operations helped drive the cuts as it spent $1.8 billion on severance and restructuring costs.
- On Monday, Oracle revealed in an annual financial regulatory filing that its global workforce declined by about 21,000 employees, or 13%, during fiscal 2026 as the firm restructured around artificial intelligence.
- Oracle has increasingly pivoted toward artificial intelligence, signing massive data-center deals with OpenAI and Meta to compete more forcefully against cloud-computing rivals Amazon and Microsoft.
- These widespread reductions cost the firm $1.84 billion in severance and exit expenses, leaving Oracle with a global headcount of 141,000 full-time employees as of May 31, 2026.
- Management warned in its filing that such periodic workforce restructurings "can be disruptive," potentially causing shortages of skilled workers and a loss of productivity that could impact earnings.
- Oracle expects net capital expenditure of around $70 billion this fiscal year and plans to raise another $40 billion in debt and equity to fund infrastructure expansion.
53 Articles
53 Articles
Did Oracle Need To Fire 21,000 Because It Is In Trouble?
Badly damaged tech company Oracle (NASDAQ: ORCL | ORCL Price Prediction) fired 21,000 people. It said they were being replaced by AI. It is 13% of the company’s total workforce. Oracle took a charge of $1.84 billion. In its 10K, the company explained “… improve operational efficiencies, including through the adoption and integration of AI ... Did Oracle Need To Fire 21,000 Because It Is In Trouble?
Oracle Shrinks Workforce As Tech Giants Double Down On AI
Oracle reduced its workforce by roughly 21,000 employees over the past year, highlighting the growing impact of artificial intelligence on the technology sector. According to the company's annual regulatory filing, Oracle employed 141,000 full-time workers as of May 2026, down from 162,000 a year earlier, representing a nearly 13% decline.🤖The company said the adoption of AI technologies across its operations has contributed to workforce reduct…
Oracle's staff staff has shrunk by about 13% in its last fiscal year, while the technology company has continued to invest in artificial intelligence. Exclusive material for subscribers. To have full access, access the link of the material and register.
Is AI Coming For Your Job? Concerns Mount As Oracle Lays Off Another Batch of 21,000 Employees
Oracle has cut around 21,000 jobs globally over the past year, with the company's latest annual report pointing directly to artificial intelligence as one of the reasons behind the reduction. The US software and cloud computing giant said it had about 141,000 full-time employees as of 31 May 2026, down from roughly 162,000 a year earlier. In the filing, Oracle said the 'deployment of AI technologies across our operations has resulted, and may co…
American IT giant has cut 15 percent of its workforce in one year.
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