business
Oracle cuts 21,000 jobs in restructuring
Oracle reduced its worldwide workforce by 21,000 employees between May 2025 and May 2026, according to a Monday SEC filing. The company reported a 391 percent increase in restructuring expenses during the same period while investing in data-center infrastructure.
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Oracle’s global head count fell by 21,000 employees between May 2025 and May 2026, Business Insider reported. The company employed approximately 141,000 people worldwide as of May 31, 2026, the SEC filing published Monday stated. The reduction included 9,000 positions eliminated in the United States and 12,000 jobs cut outside the country.
Restructuring and other expenses rose 391 percent year over year to about $1.8 billion from $374 million in the prior year. Oracle began laying off staff in March 2026. The notification email sent to affected employees said the role eliminations were decided after careful consideration of Oracle’s current business needs and formed part of broader organizational change.
The company did not respond to Business Insider’s request for comment. Oracle’s stock price declined about 15 percent over the twelve months preceding the report. In March, Oracle executives told investors the company is very, very good at cost-cutting amid heavy data-center spending.
In January, Business Insider reported that Oracle was struggling to obtain financing for the $500 billion Stargate data-center project with OpenAI. In February, the company announced a $50 billion debt raise to fund infrastructure build-out.
