Oracle has reduced its workforce by about 21,000 employees, or 13%, in fiscal 2026 as the cloud giant continued restructuring its business amid growing AI adoption across operations. According to the company’s annual report, its headcount fell to 141,000 as of May 31, 2026, from 162,000 a year earlier, while severance and exit-related costs surged to $1.84 billion.
The reduction underscores how AI is increasingly...
Artificial intelligence is now performing 37 per cent of entry-level tasks across Indian organisations, surpassing the global average of 33 per cent and marking a faster AI-led transformation of workplace roles than many international markets. The finding comes from a joint study by Cognizant and Pearson released on June 18, 2026, titled The AI Workforce Pulse: The Adaptability Imperative, which surveyed 750 HR leaders across...
The Ministry of Electronics and Information Technology (MeitY) has called on India’s IT services sector to move faster on AI adoption, with a strong focus on workforce reskilling rather than job-loss fears. The message came during an industry consultation in Kochi on supporting the transformation of the IT services industry.
The meeting brought together senior government officials, industry leaders, and other stakeholders to discuss how...
In this conversation with CXO XPERTS, explains why the firm is now pushing into the mid-market — and why AI, more than pricing, is the real unlock. He discusses outcome-based pricing that removes upfront cost, how contract and invoice data can self-fund an enterprise AI budget, why overcoming organizational resistance comes down to speed of first results, and what a realistic AI adoption roadmap...
