---
title: "Oracle’s workforce shrank by about 13% as it bankrolls its AI buildout"
url: https://daily.dev/posts/oracle-s-workforce-shrank-by-about-13-as-it-bankrolls-its-ai-buildout-dr8q9hdnl
source_url: https://thenextweb.com/news/oracle-workforce-shrinks-13-percent-ai-buildout
type: article
source: "The Next Web"
published: 2026-06-23T07:06:22.723Z
updated: 2026-06-23T07:06:42.804Z
tags: ["cloud", "oracle", "ai-infrastructure"]
reading_time: 3
upvotes: 0
comments: 0
language: en
---

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# Oracle’s workforce shrank by about 13% as it bankrolls its AI buildout

**[The Next Web](https://daily.dev/sources/tnw)** · 3 min read · 0 upvotes · 0 comments

## Summary

Oracle ended fiscal year 2026 with roughly 141,000 employees, down from 162,000 — a reduction of about 21,000 people or 13%, one of the deepest cuts in the company's history. The layoffs were framed as a reallocation of resources from legacy operations into AI and cloud infrastructure. Oracle's capital expenditure for the year reached approximately $50bn, with a contracted revenue backlog surpassing half a trillion dollars driven by large AI deals. Analysts estimate the workforce reductions free up $8–10bn annually in cash flow, which is being funneled into data-center construction. The cuts hit some teams by 30% or more, and a $16.3bn data-center financing deal required bond manager PIMCO to anchor $10bn after US banks stepped back. Oracle joins a broader tech industry trend of converting payroll into AI capital expenditure.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://thenextweb.com/news/oracle-workforce-shrinks-13-percent-ai-buildout>

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Tags: [#cloud](https://daily.dev/tags/cloud), [#oracle](https://daily.dev/tags/oracle), [#ai-infrastructure](https://daily.dev/tags/ai-infrastructure)

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