Oracle cuts 21,000 jobs during AI buildout (opens in new tab)

Oracle said its global full-time workforce fell to 141,000 as of May 31, 2026, from about 162,000 a year earlier, a reduction of roughly 21,000 jobs, or 13%, during its fiscal year. In its annual regulatory filing, Oracle said AI adoption has contributed to workforce reductions and may continue to do so. The company attributed the workforce changes to management decisions, product strategy adjustments, performance-related actions, acquisitions and organizational realignments. It reported abou...