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moves money Ars Technica June 23, 2026

Oracle’s 21,000 layoffs help drive its debt-fueled AI investments

Oracle’s 21,000 layoffs help drive its debt-fueled AI investments
AI Summary

The growing use of AI contributed to Oracle laying off 21,000 workers in a year, according to a Securities and Exchange Commission filing on Monday. In its annual regulatory filing for the fiscal year ending May 31, Oracle said it has 141,000 full-time employees. In its 2025 filing, Oracle said it had 162,000 employees.

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