Comparing the 2026 layoffs at Oracle (30,000 jobs) and HSBC (20,000 jobs). Oracle cut more people and a larger share of its workforce.
| Oracle | HSBC | |
|---|---|---|
| People Cut | 30,000 | 20,000 |
| % of Workforce | 18.5% | 9.5% |
| Total Workforce | 162,000 | 210,000 |
| Date | ||
| Category | AI-DRIVEN | AI-DRIVEN |
| Industry | Tech | Finance & Banking |
| Reason | CONFIRMED: AI code gen approach. | 10% cut, AI-driven. |