Austin, June 23, 2026
US software company Oracle eliminated around 21,000 positions over the past fiscal year, reducing its workforce by 13 percent, as shown in the annual report published on Monday (Reuters, 6/23/2026).
As of the reporting date of May 31, Oracle counted 141,000 employees, compared to 162,000 the previous year. The job cuts therefore hit the company to a significant extent and continued a trend that has gripped the entire technology industry.
According to the annual report, costs for severance payments and other restructuring expenses totaled $1.84 billion in the past fiscal year. In the previous year, they had amounted to $374 million. The increase in restructuring costs underscores just how profound the transformation at the software company is.