The growing use of AI contributed to Oracle laying off 21,000 workers in a year, according to a Securities and Exchange ...
Oracle ( ORCL) reduced its workforce by about 21,000 employees over the past year as part of a restructuring effort aimed at ...
Oracle cut 21,000 employees in fiscal 2026, reducing its workforce 13% to 141,000, with $1.8B in restructuring costs and AI cited as a direct driver.
Oracle has been cutting jobs to focus on artificial intelligence. The moves haven’t helped the stock.