Oracle cuts 21,000 jobs in fiscal 2026 amid AI-driven transition

Oracle’s (ORCL.N) total workforce declined 13 per cent, or about 21,000 employees, in fiscal 2026, as the cloud computing giant continued restructuring ​its business, partly driven by the adoption of AI across ‌its operations. The company had a total workforce of 141,000 as of May 31, 2026, compared with about 162,000 as of the same […]