Saturday, October 24, 2026
Saturday, October 24, 2026
Watch Live
UPDATED
FUEL PRICE
23-OCT-2026
PETROL
▼ -1.60 PKR
Rs. 377.71/ltr
DIESEL
▲ +1.64 PKR
Rs. 391.75/ltr
Headlines
Ishaq Dar joins R4 talks in Istanbul as regional tensions put diplomacy in focus AI pop star’s fake pregnancy announcement sends social media into a frenzy Britain and France conduct first joint nuclear exercise, ‘Rummy,’ over Mediterranean Ameer Gilani reveals newborn son’s name in emotional video Pakistan’s President Asif Ali Zardari receives guard of honor during Germany visit France reports first human case of Shamonda virus Ryan Gosling’s spooky rock band teases epic comeback after 17-year hiatus Pakistan security forces kill 10 militants in Gwadar operations, ISPR says Audi Q9 debuts world-first curved OLED taillights 12 killed, more than 20 injured in van-coach collision in Othal, Lasbela district Exporters pin hopes on prime minister's intervention as cost pressures mount FIA busts illegal kidney transplant ring in Islamabad Pakistan's army chief vows to 'hit hard' Indian-sponsored militants Prime Minister Shehbaz Sharif issues instructions to launch direct Pakistan-Maldives flights Ishaq Dar joins R4 talks in Istanbul as regional tensions put diplomacy in focus AI pop star’s fake pregnancy announcement sends social media into a frenzy Britain and France conduct first joint nuclear exercise, ‘Rummy,’ over Mediterranean Ameer Gilani reveals newborn son’s name in emotional video Pakistan’s President Asif Ali Zardari receives guard of honor during Germany visit France reports first human case of Shamonda virus Ryan Gosling’s spooky rock band teases epic comeback after 17-year hiatus Pakistan security forces kill 10 militants in Gwadar operations, ISPR says Audi Q9 debuts world-first curved OLED taillights 12 killed, more than 20 injured in van-coach collision in Othal, Lasbela district Exporters pin hopes on prime minister's intervention as cost pressures mount FIA busts illegal kidney transplant ring in Islamabad Pakistan's army chief vows to 'hit hard' Indian-sponsored militants Prime Minister Shehbaz Sharif issues instructions to launch direct Pakistan-Maldives flights

Oracle reduces staff by 21,000 over the latest financial year

Tech industry continues layoffs amid rising AI infrastructure spending.

Oracle has reduced its global workforce by around 21,000 employees over the past financial year as the tech giant accelerates its shift toward artificial intelligence and restructures its global operations, according to the latest regulatory filing.

The company reported a total headcount of approximately 141,000 employees as of May 31, 2026, down from 162,000 a year earlier.

The decline offers a clearer picture of previously reported layoffs, which had been estimated between 10,000 and 30,000 job cuts following internal notifications sent to affected staff.

Oracle currently employs about 49,000 people in the United States and 92,000 across other regions. However, the filing does not break down how many of the reductions occurred in the US or confirm whether the entire decrease was due to layoffs, instead reflecting an overall workforce contraction.

The company said it continues to implement a restructuring plan and expects further operational changes as artificial intelligence becomes more deeply integrated into its business model.

Oracle also acknowledged that the adoption of AI technologies has contributed to workforce reductions and may result in additional cuts going forward.

The firm has recorded around $1.8 billion in restructuring costs, including severance payments for employees affected by layoffs.

Earlier reports from Bloomberg indicated that Oracle has been trimming its workforce partly to redirect resources toward expanding its AI-driven data centre infrastructure.

The company is building large-scale facilities for clients, including OpenAI, which has partnered with Oracle to develop 4.5 gigawatts of additional data centre capacity in the United States to support advanced AI systems.

Across the broader tech industry, similar trends are emerging as companies balance heavy AI investment with workforce reductions.

Microsoft has cut jobs amid rising infrastructure costs, while Meta has laid off approximately 8,000 employees and reassigned thousands more into AI-focused roles.

Recommended