{"id":1613,"date":"2026-06-23T12:05:39","date_gmt":"2026-06-23T12:05:39","guid":{"rendered":"https:\/\/americanhomejournals.com\/?p=1613"},"modified":"2026-06-23T12:05:39","modified_gmt":"2026-06-23T12:05:39","slug":"now-we-know-how-much-oracle-shrank-its-staff-in-the-past-year-and-how-much-it-cost","status":"publish","type":"post","link":"https:\/\/americanhomejournals.com\/?p=1613","title":{"rendered":"Now we know how much Oracle shrank its staff in the past year \u2014 and how much it cost"},"content":{"rendered":"
\n

Oracle’s head count has been shrinking as it made layoffs to cut costs \u2014 and now there’s a number behind its reduction.<\/p>\n

Read more SpaceX sheds $400 billion as its post-IPO hangover worsens<\/a><\/p>\n

A filing published Monday showed that its global workforce declined by 21,000 between May 2025 and May 2026. The number includes both attrition and layoffs.<\/p>\n

Oracle employed around 141,000 employees worldwide as of May 31, 2026, the filing said.<\/p>\n

Compared with the numbers reported in its 2025 filing, the company shed 9,000 jobs in the US and 12,000 jobs internationally.<\/p>\n

Restructuring and other expenses \u2014 which consist of costs for employee severance, contract termination, and other exit activity \u2014 increased by 391% from $374 million to about $1.8 billion over the last year, Oracle said in the filing.<\/p>\n

Oracle did not respond to a request for comment.<\/p>\n

In March, the company began laying off staff but did not confirm the scale of the cuts.<\/p>\n

The notification email sent to the laid-off employees, which Business Insider exclusively obtained, said the decision to eliminate roles was made “after careful consideration of Oracle’s current business needs” and was part of “broader organizational change.”<\/p>\n

Read more A top Silicon Valley law firm wants startup founders to stop asking chatbots to do legal work and use this instead<\/a><\/p>\n

According to LinkedIn posts from laid-off employees, the cuts affected staff across Oracle Health, Sales, Cloud, Customer Success, and NetSuite.<\/p>\n

The reduction in head count comes as Oracle invests heavily in data center infrastructure while looking for ways to rein in costs. Oracle’s stock is down about 15% over the last year.<\/p>\n

In March, Oracle executives told investors not to worry about its significant data center spending because the company is “very, very good” at cost-cutting<\/u>.<\/p>\n

In January, Business Insider reported<\/u> that the company was struggling to find financing for Stargate, its $500 billion data center initiative with OpenAI. In February, Oracle announced a $50 billion debt raise to help fund its infrastructure buildout.<\/p>\n

Across the tech industry, major companies have been reducing their workforces. Many bosses have cited AI in their layoff notifications.<\/p>\n

In January, Amazon said it would slash about 16,000 corporate roles<\/u>, months after cutting 14,000 employees. Meta axed around 8,000 staffers in May, and Dell’s recent 10-K filing showed that employee numbers have fallen by 36,000 over the last three years, a 27% decline in head count.<\/p>\n

Read more Claude Code creator says companies are right to focus on AI\u2019s ROI \u2014 but they still need to allow for experimentation<\/a><\/p>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

Oracle carried out layoffs in March. 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