Oracle Corporation (ORCL)
Oracle's AI Push Led to 21,000 Job Cuts Last Year but Didn't Lead to Stock Gains
Oracle has been cutting jobs to focus on artificial intelligence. The moves haven't helped the stock.
Now we know how much Oracle downsized its head count in the past year — and how much it cost
Oracle laid off staff in March. A new filing shows its global head count fell by 21,000 over the last year.
Oracle shed 21,000 roles over the past year amid wave of AI layoffs from tech giants
Oracle reduced its workforce by 13% over the past 12 months and cited AI deployment in an annual filing on Monday. The company currently employs 141,000 full-time workers, down from 162,000 the previous year.
Oracle shares sink after annual filing reveals 13% workforce cuts
Oracle's stock fell on Monday after the company disclosed that it cut about 21,000 jobs, or 13% of its workforce, in fiscal 2026 as part of a broader restructuring tied to its artificial intelligence push. At the time of writing, shares of Oracle Corporation were trading around $175.07, down about 5% from the previous close.
Oracle Sheds 21,000 Jobs as It Continues AI-Focused Streamlining
The tech company's head count shrank by roughly 13% in its previous fiscal year, as it continued to invest in artificial intelligence.
Oracle workforce shrinks by about 13%
Oracle's total workforce declined by about 13%, or 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.
Can Oracle Reach $800 Per Share by 2030? Here's How It Can Happen
Oracle (NYSE:ORCL | ORCL Price Prediction) just reported its biggest quarter ever.
Oracle vs. Penguin Solutions: Which AI Data Center Stock Is a Buy?
PENG tops ORCL in this AI infrastructure faceoff, backed by AI/HPC momentum, memory growth and lower capital intensity.
Oracle vs. Salesforce: Which Tech Giant Is The Better Buy?
Salesforce (NYSE: CRM | CRM Price Prediction) and Oracle (NYSE: ORCL) both delivered fresh earnings inside a three week window, and the contrast is striking.
ETFs to Bet on as Oracle Slides 10% on Massive AI Spending Plans
Oracle's AI spending plans rattle investors, but strong cloud growth, AI demand and ETF exposure keep the tech giant in focus.
Prediction: Oracle Will Trade at This Price in 2027
Oracle's (NYSE:ORCL | ORCL Price Prediction) stock has been through the wringer over the past year, but the long-term AI infrastructure story has only gotten more concrete.
Here is What to Know Beyond Why Oracle Corporation (ORCL) is a Trending Stock
Oracle (ORCL) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
