Oracle Corp. eliminated roughly 21,000 jobs over the past year as it redirects spending toward artificial-intelligence and cloud infrastructure, according to its latest annual report. Head count fell to about 141,000 as of May 31, 2026, from roughly 162,000 a year earlier—a 13% decline—bringing $1.8 billion in severance and restructuring charges, up from $374 million the prior year.
The company said AI deployments across its operations have already led to reductions and could prompt further cuts, while warning the reorganization may strain talent availability and productivity in the near term. Oracle is racing to add data centers for AI customers including OpenAI and Meta, with plans to spend at least $50 billion on infrastructure this year. The move mirrors a broader trend as Amazon, Meta and Google trim staff while committing massive capital to AI buildouts that they say will define the next phase of growth.
Oracle to eliminate 21,000 roles as it pivots to AI
- Trending
- Comments
- Latest
