Oracle stock was lower after the company disclosed a 2026 headcount of 141,000, down by 21,000 from a year earlier after a round of layoffs.
Oracle Cut 21,000 Jobs Last Year As AI Costs Surged
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08:50 AM ET 06/23/2026
Oracle (ORCL) revealed that it cut 21,000 jobs during its May-ended fiscal 2026 — putting a number behind the AI-related layoffs the tech giant initiated earlier this calendar year. Oracle stock was lower Tuesday. Oracle's headcount was 141,000 as of May, down from 162,000 a year earlier, according to the company's annual 10-K report, filed late Monday with the U.S.…
Oracle Stock In Focus After Annual Filing Reveals 21,000 Job Cuts Amid AI Buildout Costs - Oracle (NYSE:O
Oracle Sheds 21,000 Jobs as It Continues AI-Focused Streamlining
Oracle lays off 21,000 employees in just 12 months due to AI adoption and costly AI infrastructure ambitions — says layoffs will continue as internal AI deployment grows
Oracle sheds 21,000 roles over the past year amid wave of AI layoffs from tech giants
Oracle Cuts 21,000 Jobs in One Year, Blames AI For at Least Some
Oracle cut 21,000 jobs in 12 months, says AI replaced some roles
Oracle cut 21,000 jobs because of AI.
Oracle workforce declines by 21,000 amid restructuring efforts
Oracle’s workforce shrank by about 13% as it bankrolls its AI buildout
21,000 Oracle jobs vanish amid Big Red's big bets on AI
Oracle is in the spotlight Tuesday after shedding 21,000 jobs, nearly 13% of workforce, citing AI adoption.
By Fabiana Negrin Ochoa and Kimberley Kao
The company claims the restructuring cost them almost $2 billion
"The adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to…
It's using AI internally, and spending money to support AI everywhere else.
Oracle is under financial pressure because of an expensive build-out of AI data centres for customers such as OpenAI. Read more…
