AI Cost 21,000 Jobs At Oracle This Year
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Oracle carried out layoffs in March. A new filing shows how much smaller the workforce is compared to this time last year.
Oracle (ORCL) eliminated 21,000 jobs in fiscal 2026 due to AI adoption, incurring $1.8B in charges. Headcount dropped 13% to 141,000 employees.
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Oracle cuts 21,000 workers as part of its massive AI push
Oracle's workforce shrank by about 21,000 employees over the past year as the tech company spent heavily on AI and cloud infrastructure, according to a new filing.
Oracle delivered strong Q4 results, driven by 46% cloud revenue growth, but shares fell sharply due to surging capital spending. Read why ORCL stock is a hold.
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Forbes contributors publish independent expert analyses and insights. Chief Analyst & CEO, NAND Research. Oracle and Amazon Web Services jointly announced the launch of Oracle Database@AWS. The new offering allows customers to access Oracle Autonomous ...
The market is punishing AI/cloud capex and cash burn, but the setup is still strong: OCI is expected to surge (92% growth in the fiscal Q4 vs 52% a year ago) and the $553B performance obligations backlog supports demand visibility.
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