Oracle Corporation (NYSE:ORCL) is included among the Top 10 Blue Chip Stocks with Growing Dividends.
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On June 22, Reuters reported that Oracle Corporation reduced its workforce by 13%, or roughly 21,000 employees, during fiscal 2026. The update came as the company continued to restructure its operations. Part of the effort was tied to the growing use of AI across the business.
Oracle’s annual report, released on June 22, showed that the company employed 141,000 people as of May 31, 2026. A year earlier, its workforce stood at about 162,000 employees. The filing also revealed that Oracle spent $1.84 billion on severance payments and other costs related to restructuring in fiscal 2026. In comparison, the company spent $374 million on similar activities in the previous fiscal year.
Oracle said the workforce changes were driven by a range of factors. These include management and product changes, performance-related issues, strategic shifts, and acquisitions. The decline follows several reports earlier this year that Oracle was cutting thousands of jobs. The company did not respond to a Reuters request for comment.
Oracle Corporation offers integrated applications and secure, autonomous infrastructure through Oracle Cloud. Its operations are organized into three business segments: cloud and license, hardware, and services.
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