- Oracle reduced its global headcount by approximately 21,000 employees in the fiscal year ending May 31, 2026, bringing its total full-time workforce to 141,000.
- The company directly attributed these job cuts to the deployment of artificial intelligence technologies across its operations and a broader restructuring to support its cloud business.
- Restructuring costs, including severance payments, totaled $1.8 billion for the year, a sharp increase from $374 million in the previous financial year.
- Oracle's move mirrors a broader industry trend where major tech firms, including Amazon and Meta, are cutting staff to fund massive investments in AI data centers and infrastructure.
Quotes
“As our cloud and AI businesses grow, we will continually balance our resources and restructure our development group to help ensure we have the right people delivering the best cloud and AI products to our customers around the world.”