Worries are quickly mounting over job losses due to AI disruption, as 196 ‌tech ⁠companies have laid off more than 119,800 employees so far this year, according to Layoffs. fyi, a website tracking sector-wide job cuts

Oracle’s total workforce declined 13%, or about 21,000 employees, in fiscal 2026, as the cloud computing giant continued restructuring ​its business, partly driven by the adoption of AI across ‌its operations.

The company had a total workforce of 141,000 as of May 31, 2026, compared with about 162,000 as of the same period last year, according to its ​annual report released on Monday, according to a Reuters report.

Oracle spent $1.84 billion in severance payments and ​other exit costs related to the restructuring activities in fiscal ⁠2026, significantly higher than the $374 million spent in the previous fiscal year, ​the filing showed.

It also said in its filing that the workforce adjustments were ​in response to various factors, including management and product changes, performance issues, strategic shifts, and acquisitions.

The decline in the workforce follows multiple reports earlier this year about Oracle ​cutting thousands of jobs.

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Worries are quickly mounting over job losses due to AI disruption, as 196 ‌tech ⁠companies have laid off more than 119,800 employees so far this year, according to Layoffs. fyi, a website tracking sector-wide job cuts.

A smaller player in the cloud-computing industry for a long time, Oracle has in recent months signed massive ​data-center deals with ​OpenAI and Meta ⁠to compete more forcefully with rivals such as Amazon and Microsoft.

However, unlike these tech giants, which fund their substantial ​outlays through large cash flows, Oracle has had to ​resort to ⁠burning cash and issuing debt. Shares of the company were down about 10% this year.

Oracle said earlier this month that it expects net capital expenditure of around $70 ⁠billion ​in its current fiscal year. To fund ​that, it will raise another $40 billion in debt and equity, including a previously announced $20 billion stock ​issuance.