en.Wedoany.com Reported - Oracle laid off approximately 21,000 employees in fiscal 2026, accounting for 13% of its total workforce, with the layoffs linked to a restructuring driven by the introduction of artificial intelligence (AI) into the company's operations.

As of May 31, 2026, Oracle's total employee count stood at 141,000, compared to approximately 162,000 in the same period of the previous fiscal year. The company's annual report shows that it paid $1.84 billion in severance and other separation costs for restructuring activities in fiscal 2026, significantly higher than the $374 million in the prior fiscal year. The document indicates that the personnel adjustments were due to management and product changes, performance issues, strategic shifts, and acquisitions. Earlier this year, reports emerged that Oracle had laid off thousands of employees, and the company did not respond to Reuters' request for comment.

Concerns are rising over job losses brought about by AI. According to data from Layoffs.fyi, a website tracking industry layoffs, 196 tech companies have laid off over 119,800 employees so far this year. Oracle, long a smaller player in the cloud computing industry, has signed large-scale data center agreements with OpenAI and Meta in recent months to compete more effectively with rivals such as Amazon and Microsoft. Unlike tech giants that rely on massive cash flows to support huge expenditures, Oracle has had to burn cash and issue bonds. The company's stock price has fallen about 10% this year. Earlier this month, Oracle said it expects net capital expenditures of approximately $70 billion for the current fiscal year and plans to raise $40 billion through debt and equity refinancing, including a previously announced $20 billion stock offering.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com