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Oracle (ORCL) Cuts 21,000 Jobs As It Prepares $50 Billion AI Buildout

Oracle (NYSE:ORCL) plans to reduce its workforce by about 13%, or roughly 21000 employees, in fiscal...

BUSINESS NEWS June 22, 2026

Oracle (ORCL) Cuts 21,000 Jobs As It Prepares $50 Billion AI Buildout

Oracle (NYSE:ORCL) plans to reduce its workforce by about 13%, or roughly 21000 employees, in fiscal 2026 as part of a broad restructuring.

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Oracle (NYSE:ORCL) plans to reduce its workforce by about 13%, or roughly 21000 employees, in fiscal 2026 as part of a broad restructuring.

Author: Yahoo Finance

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