Market Chatter: Oracle Workforce Shrank 13% in Fiscal 2026 Amid AI-Driven Restructuring

MT Newswires Live07:04

Oracle's (ORCL) total workforce fell by approximately 21,000 employees, or 13%, in fiscal 2026 to 141,000 as of May 31, down from roughly 162,000 a year earlier, Reuters reported Monday.

The company spent $1.84 billion in severance and exit costs related to restructuring in fiscal 2026, up sharply from $374 million in the prior year, according to its annual report, the report said.

Oracle attributed the workforce reductions to management and product changes, performance issues, strategic shifts, and acquisitions, with AI adoption across its operations also cited as a contributing factor, according to the report.

Oracle did not immediately respond to a request for comment from MT Newswires.

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