Oracle cuts 21,000 jobs, citing AI adoption, in fiscal 2026
Key takeaways
- "The adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce," the company said in the filing.
- Restructuring charges for fiscal 2026 totaled $1.8 billion, a steep climb from the $374 million Oracle incurred in the preceding fiscal year.
- The company cautioned that its restructuring efforts carry risks.
Oracle cuts 21,000 jobs, citing AI adoption, in fiscal 2026 Quartz · Bloomberg / Getty Images Cris Tolomia Tue, June 23, 2026 at 7:47 PM GMT+7 2 min read ORCL According to its annual regulatory filing, Oracle ended fiscal year 2026 with roughly 141,000 full-time employees on May 31 — 21,000 fewer than the 162,000 it counted at the same point in 2025, amounting to a headcount decline of nearly 13%.
"The adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce," the company said in the filing.
Restructuring charges for fiscal 2026 totaled $1.8 billion, a steep climb from the $374 million Oracle incurred in the preceding fiscal year. Under what Oracle has designated the 2026 Restructuring Plan — a program aimed at sharpening operational efficiency through, among other things, AI integration — the company anticipates total charges of as much as $2.1 billion.