Oracle reduced its workforce by 21,000 employees in fiscal 2026, according to the company’s annual 10-K filing.
The software giant cut its global staff by 13% to 141,000 full-time workers as of May 31 — down from 162,000 a year earlier — generating roughly $1.8 billion in restructuring costs, per the June 22 report. Oracle has been spending heavily to build out AI data center infrastructure.
“As our cloud and AI businesses grow, we will continually balance our resources and restructure our development group to help ensure we have the right people delivering the best cloud and AI products to our customers around the world,” an Oracle spokesperson told Becker’s.
The cuts have implications for Oracle Health, the company’s EHR division formed after its $28.4 billion acquisition of Cerner in 2022. In March, Oracle notified hundreds of workers at the former Cerner campus in Kansas City, Mo., of terminations.
“Three and a half years ago, Oracle set out to transform healthcare, and we remain committed to this mission,” Seema Verma, executive vice president and general manager, Oracle Health and Life Sciences, told Becker’s in June. “Whether it is helping to bring new therapies to market faster, streamlining prior authorization processes, or enhancing care delivery, we are creating the comprehensive change that patients, providers, payers, and life sciences organizations deserve.”
