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It’s a rough day for stocks that have benefited from the AI rally this year. These stocks are among the deepest in the red this morning: Chip makers: Micron Technology is down 12%. Advanced Micro Devices, Marvell Technology and Qualcomm fell between 6% to 9% at the opening bell.
Oracle Corp (NYSE:ORCL, XETRA:ORC) has reduced its workforce by about 21,000 employees over the past year, citing the deployment of artificial intelligence technologies across its operations, according to its annual filing. The software and cloud company employed approximately 141,000...
Wall Street closed mixed on Monday, pulled down by tech and discretionary stocks.
Oracle cut 21,000 jobs in the past year.
Oracle disclosed a 2026 headcount of 141,000, down by 21,000 from a year earlier, after a round of AI-related layoffs.
The company spent $1.8 billion on restructuring costs as it cited AI deployment as a driver of workforce reductions
Oracle cut headcount 13% as AI adoption and data center spending reshape its cost base.
Oracle cut around 21,000 jobs last year as the tech company continued to develop its artificial-intelligence business and made heavy investment in data centers. The cuts are part of a wider trend among tech firms as they spend hundreds of billions of dollars building out AI infrastructure.
Restructuring reflects broader shift toward automation.
Oracle has been cutting jobs to focus on artificial intelligence. The moves haven’t helped the stock.
<body><p>STORY: Oracle's total workforce declined 13%, or about 21,000 employees, in its fiscal 2026.</p><p>It's as the cloud computing giant continued restructuring its business...</p><p>partly driven by the adoption of AI across its operations.</p><p>The company had a total workforce of 141,000 as of May 31...</p><p>down from about 162,000 as of the same period last year.</p><p>Oracle's annual filing said it spent $1.84 billion in severance payments and other exit costs.</p><p>It follows multiple reports earlier this year about Oracle cutting thousands of jobs.</p><p>The company did not respond to a Reuters request for comment.</p><p>Worries are quickly mounting over job losses due to AI disruption.</p><p>196 tech companies laid off more than 119,000 employees so far this year...</p><p>That's according to a website tracking sector-wide job cuts.</p><p>Oracle has in recent months signed massive data-center deals with OpenAI and Meta...</p><p>to compete more forcefully with rivals such as Amazon and Microsoft.</p><p>However, unlike these tech giants who fund their substantial outlays through large cash flows, Oracle has had to resort to burning cash and issuing debt.</p><p>Shares of the company are down about 10% this year.</p></body>
↘️ Samsung Electronics (KR:005930): The memory-chip giant tumbled 12% as the technology sell-off hit Asia. Its South Korean rival SK Hynix fell 12%, while Japan’s SoftBank Group slid 10% in Tokyo. ↘️ Micron Technology (MU): The U.
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Billionaire Larry Ellison has cut 21,000 jobs at Oracle as bosses claimed AI was increasingly replacing human workers.
Bloom, Oracle, Brookfield Asset Management, Crescent and Diversified Energy have been highlighted in this Investment Ideas article.
The company stated it is adapting its business model to meet evolving technology demands and the growing use of AI.
We recently published Jim Cramer Discussed Expensive Phones, A Cheap Stock Sector & These 18 Stocks. CoreWeave Inc. (NASDAQ:CRWV) is one of the stocks discussed by Jim Cramer. AI computing infrastructure provider CoreWeave Inc. (NASDAQ:CRWV) is one of Jim Cramer’s favorite stocks. The shares are down by 35% over the past year and are up […]
The tech company’s head count shrank by roughly 13% in its previous fiscal year, as it continued to invest in artificial intelligence.
Oracle’s full-time employee strength was 141,000 as of May 31, compared to 162,000 a year ago.
Shares of enterprise software giant Oracle (NYSE:ORCL) fell 5% in the afternoon session after a confluence of high-profile AI talent departures from Alphabet, and a regulatory overhang pulled the entire communication-services and software complex lower. Alphabet fell roughly 6%. Microsoft slipped as well. When the two largest software-adjacent megacaps decline together, the sector indices follow mechanically given their index weight. But the deeper driver was the market's persistent fear that AI
Oracle (NYSE:ORCL) plans to reduce its workforce by about 13%, or roughly 21,000 employees, in fiscal 2026 as part of a broad restructuring. The company reported its largest-ever quarterly results alongside an AI focused expansion and a contracted backlog that now exceeds its market value. Oracle is preparing to raise up to $50b in new capital to fund AI infrastructure, with more than half of its backlog estimated to be tied to OpenAI related commitments. Oracle enters this restructuring...
Companies positioned across clean power generation, fuel-cell technology, natural gas transition assets, and renewable infrastructure are drawing increased attention as their earnings outlooks improve.
Oracle's total workforce declined by about 13%, or 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 this year, compared with about 162,000 in May 2025, according to its annual report released on Monday.
Oracle just surpassed Microsoft in terms of the absolute size of its RPO, but real risks continue to haunt investors.
On CNBC last week, Kate Rooney walked viewers through a number that should reframe how tech investors think about their portfolios. “The biggest tech companies are now expected to spend about $750 billion on this AI build out just this year,” she said, and most of that money is now coming from the bond market ... Big Tech’s $750 Billion AI Debt Binge Means Investors Now Have to Watch the Bond Market
Oracle (NYSE:ORCL) just reported its biggest quarter ever. Q4 FY2026 revenue hit $19.18B, cloud infrastructure ran +93% YoY, and remaining performance obligations exploded to $638 billion. Yet shares sit at $184.29, down 4.87% YTD and 11.73% over the past year. The market is wrestling with what Oracle has become: a capital-intensive AI infrastructure provider. Can shares ... Can Oracle Reach $800 Per Share by 2030? Here’s How It Can Happen
Alphabet (NASDAQ:GOOGL) stock is down 6% in Monday midday trading, sliding to around $346. The selloff in Alphabet shares is the most prominent move among the hyperscalers today. Caught in the same theme, Amazon (NASDAQ:AMZN) stock is down 4% to around $234. Meta Platforms (NASDAQ:META) and Microsoft (NASDAQ:MSFT) shares are also lower, though by smaller ... Alphabet Sinks 6%, Amazon Slides 4% Amid AI Capex Anxiety Across the Hyperscalers
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