Tech giant Oracle cuts 21,000 jobs as it embraces AI
Oracle said AI deployment across its operations helped drive the cuts as it spent $1.8 billion on severance and restructuring costs.
- On Monday, Oracle revealed in an annual financial regulatory filing that its global workforce declined by about 21,000 employees, or 13%, during fiscal 2026 as the firm restructured around artificial intelligence.
- Oracle has increasingly pivoted toward artificial intelligence, signing massive data-center deals with OpenAI and Meta to compete more forcefully against cloud-computing rivals Amazon and Microsoft.
- These widespread reductions cost the firm $1.84 billion in severance and exit expenses, leaving Oracle with a global headcount of 141,000 full-time employees as of May 31, 2026.
- Management warned in its filing that such periodic workforce restructurings "can be disruptive," potentially causing shortages of skilled workers and a loss of productivity that could impact earnings.
- Oracle expects net capital expenditure of around $70 billion this fiscal year and plans to raise another $40 billion in debt and equity to fund infrastructure expansion.
136 Articles
136 Articles
The artificial intelligence boom is leading to massive layoffs at technology companies. This is most recently confirmed by Oracle, which cut approximately 21,000 jobs worldwide last year, or about 13 percent of its staff. This is shown in the latest annual report of the American software and cloud company.
The American giant in the field of Oracle technology has reduced by about 21,000 employees in the last 12 months, the equivalent of almost 13% of its workforce, based on the restructuring generated by the expansion of artificial intelligence projects, transmits CNBC.
Oracle cut 21,000 jobs because of AI, annual report reveals
Oracle Cut 21,000 Jobs and Blamed AI. The Numbers Tell the Story
Oracle told regulators that AI helped cut 21,000 jobs in a single year. The numbers behind that filing reveal how the technology is reaching the payroll. The post Oracle Cut 21,000 Jobs and Blamed AI. The Numbers Tell the Story appeared first on The Rio Times.
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