Oracle cut 21,000 jobs, about 13% of its workforce, marking the largest reduction in its history. The workforce fell to 141,000 as of May 31, 2026, influenced by AI adoption and a restructuring strategy aimed at operational efficiency.
Certain divisions like Revenue and Health Sciences experienced cuts of around 30%, while teams focused on Cloud Infrastructure and AI grew. Restructuring costs ranged from $1.8 billion to $2.1 billion.
In tandem with job cuts, Oracle invested in building its AI infrastructure, expanding data centers for clients like OpenAI. The company achieved 22% year-over-year revenue growth, reporting $17.2 billion in a recent quarter, with remaining performance obligations reaching $553 billion, up 325% year-over-year.