American technology major Oracle has confirmed that it has laid of about 21,000 employees, about 13% of its total workforce in fiscal 2026, fueled by rapid adoption of artificial intelligence across its operations.
Oracle's total workforce stood at 141,000 as of May 31, 2026, down from about 162,000 in the same period last year, the company said in its annual report released on Monday. The layoffs were part of the cloud computing giant's ongoing restructuring.
