News Summary

• Oracle says it had 141,000 full-time employees as of 31 May 2026, down from about 162,000 workers at the same time last year.
• The cuts amount to about 13% of Oracle's workforce.
• Amazon and Facebook-owner Meta have cut thousands of job in recent months as they invest heavily in AI.
• Oracle warned that the reorganisation may lead to a shortage in skilled workers in certain roles, resulting in a loss of productivity that could impact its earnings.
• The company was co-founded by Larry Ellison, one of the richest people in the world, who also serves as Oracle's chief technology officer.