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  "description": "Oracle layoffs have hit 21,000 employees, about 13% of its workforce, even as revenue and cloud sales climb, raising the question of why the company is cutting staff while spending billions on AI.",
  "path": "/oracle-layoffs-hit-21-000-as-ai-spending-grows-and-stock-slides/",
  "publishedAt": "2026-06-23T11:16:42.000Z",
  "site": "https://www.techloy.com",
  "tags": [
    "Oracle",
    "artificial intelligence",
    "regulatory filing",
    "Subscribe now"
  ],
  "textContent": "Oracle has reduced its workforce by approximately 21,000 employees over the past year, bringing its total headcount to 141,000 employees as of May 31, down from 162,000 a year earlier.\n\nThe layoffs, which represent a 13% workforce reduction, were disclosed in the company's latest annual filing, where Oracle said artificial intelligence adoption was among several factors contributing to the cuts. The company also cited strategic shifts, management changes, product adjustments, acquisitions, and performance-related decisions.\n\n“The adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce,” Oracle said in a June 22 regulatory filing_._\n\nIts restructuring also came at a high cost, with severance and related expenses rising to approximately $1.84 billion during the fiscal year, compared to $374 million a year earlier.\n\n## Why is Oracle laying off employees?\n\n### This post is for subscribers only\n\nBecome a member to get access to all content\n\nSubscribe now",
  "title": "Oracle Layoffs Hit 21,000 as AI Spending Grows and Stock Slides",
  "updatedAt": "2026-06-24T06:09:42.881Z"
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