Technology · 23 June 2026

Oracle spent $1.84bn cutting 21,000 jobs in a year

It's nearly five times what the cuts cost a year earlier, and wiped out about 13% of its global workforce. Oracle's annual report, filed on Monday, showed its headcount fell to about 141,000 from 162,000 over the year to the end of May. The $1.84bn covered severance and other exit costs, and Oracle said AI is now reshaping its operations.

By BriefTea Editorial · 23 June 2026 at 18:26

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