BREAKING
Oracle Cuts 13% of Workforce in FY2026
0
May 2025
0
May 2026
0
jobs cut
Severance Costs Jump to $1.84B
Prior year
374
FY2026
1840
AI Build-Out Meets Job Cuts
AI Investment
Capex
●
~$70B planned net capex
●
OpenAI and Meta data center deals
Restructuring
Cuts
●
OCI, Oracle Health affected
●
Sales and NetSuite units hit
Layoff Methods Draw Criticism
AI's Real Impact on Tech Jobs
AI NEWS BLITZ
Oracle slashed about 13 percent of its workforce, citing AI adoption as a driver.