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Oracle slashed 21,000 jobs — nearly 13% of its workforce — over the past year

The company spent $1.8 billion on restructuring costs as it cited AI deployment as a driver of workforce reductions

Oracle slashed 21,000 jobs — nearly 13% of its workforce — over the past year

Oracle slashed 21,000 jobs — nearly 13% of its workforce — over the past year

Published June 23, 2026 · Category: Markets

Overview

The company spent $1.8 billion on restructuring costs as it cited AI deployment as a driver of workforce reductions

Source

Originally published at qz.com.

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