Forbes Breaking News
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AI Cost 21,000 Jobs At Oracle This Year—And More Layoffs Could Be Coming
Posted
June 23, 2026
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3:37Now PlayingAn annual regulatory filing by billionaire Larry Ellison-led Oracle revealed the company has laid off 21,000 people—almost 13% of its workforce—over the last 12 months due to the "adoption and deployment of AI technologies across our operations,” and warned more cuts could be coming.
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