India, June 23 -- Tech major Oracle Corp. (ORCL) reduced about 21,000 roles globally in fiscal 2026 amid the increasing use of artificial intelligence or AI in its operations, as per the firm's latest annual report.
In overnight trading, Oracle shares were losing around 2.15 percent, at $171.30, extending the loss of 5 percent on Monday's regular trading.
As of May 31, 2026, the company employed around 141,000 full-time employees, of which approximately 49,000 were employed in the U.S. and approximately 92,000 were employed internationally. In the same period last year, the company had employed about 162,000 workers globally.
In a filing with the U.S. Securities and Exchange Commission, the software and cloud computing firm noted that th...