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Oracle reduced its full-time employees from 162,000 to 141,000 by the end of its fiscal year on May 31. The company linked the reductions to AI adoption in a regulatory filing and noted earlier 2026 cuts tied to data center construction.
nypost.comcom. The company stated that adoption of AI technologies across operations has resulted and may continue to result in reductions to its workforce. Oracle began cutting thousands of jobs earlier in 2026 to save money while building AI data centers for clients including OpenAI.
The employee total is now slightly below the level before the company's $28 billion purchase of Cerner in 2022, which added thousands of staff. A new chief financial officer received a $26 million stock package. Oracle moved its headquarters from Silicon Valley to Austin in 2020 and then to Nashville in 2024.
The 2026 Fortune 500 list shows Texas with 57 headquarters and $2.8 trillion in revenue, ahead of California's 56 headquarters and $2.7 trillion in revenue.
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Nvidia introduced a closed-loop warm-water cooling system that it says can eliminate nearly all on-site water consumption at data centers. The company claims the approach addresses the main water-use challenge inside facilities but leaves external water demands from power generat…
bgr.inReflection AI will pay SpaceXAI $150 million per month starting July 1, 2026, for access to Nvidia GB300 chips at the Colossus 2 data center. The contract runs through 2029 and totals up to $6.3 billion.
Al-MonitorAntonio Guterres urged major AI companies to measure and report their environmental footprint during a June 23 speech in London. He also launched an initiative requiring renewable power for all data centers by 2030 and pressed governments on methane cuts from fossil fuels.