Cyprus Mail24 Jun 2026

Oracle cuts 21,000 jobs in fiscal 2026 amid AI-driven transition

Oracle’s (ORCL.N) total workforce declined 13 per cent, or about 21,000 employees, in fiscal 2026, as the cloud computing giant continued restructuring its business, partly driven by the adoption of AI across ‌its operations.

The company had a total workforce of 141,000 as of May 31, 2026, compared with about 162,000 as of the same period last year, according to its annual report released this week....

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