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Oracle cuts 21,000 jobs as AI push reshapes company; plans $70 billion spending spree

Posted on June 23, 2026
By Financial Express
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1 min read

Oracle cuts 21,000 jobs as AI push reshapes company; plans $70 billion spending spree

Oracle cut nearly 21,000 jobs in fiscal 2026 amid a major restructuring aligned with its growing AI focus and $50 billion capital raise for AI and data center expansion.