Oracle shed 13% of its workforce while spending $55.7 billion on data centres. Its SEC filing explicitly cites AI adoption as the cause of job losses.

June 22 : Oracle's 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…

June 22 : Oracle's total workforce declined by about 13 per cent, or 21,000 employees, in fiscal 2026, as the cloud computing giant continued restructuring its business, partly…