21 Hrs
Source:
الاقتصادية
AI transforms Oracle, many employees depart
New data shows that Oracle has reduced its workforce by 13%, approximately 21,000 employees, during the 2026 fiscal year, as part of a restructuring driven in part by expanded use of artificial intelligence. The total workforce decreased to 141,000 employees from 162,000 the previous year, with around $1.84 billion spent on severance payments, a significant increase from $374 million last year. These steps are part of the company's efforts to strengthen its presence in the cloud computing and artificial intelligence markets, adopting expansion strategies that include data center deals and financing through debt and equity.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)