Oracle, a cloud computing giant, has reduced its workforce by about 21,000 employees, a 13% decline, as it continues to restructure its business amid the adoption of artificial intelligence (AI) across its operations.
Restructuring Efforts
The company’s total workforce stood at 141,000 as of May 31, 2026, compared to 162,000 in the same period last year, according to its annual report. Oracle spent $1.84 billion in severance payments and other exit costs related to the restructuring activities in fiscal 2026, significantly higher than the $374 million spent in the previous fiscal year.
The workforce adjustments were made in response to various factors, including management and product changes, performance issues, strategic shifts, and acquisitions. The decline in the workforce follows multiple reports earlier this year about Oracle cutting thousands of jobs.
Concerns are growing over job losses due to AI disruption, with 196 tech companies laying off more than 119,800 employees so far this year, according to Layoffs.fyi, a website tracking sector-wide job cuts.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
