Tech giant Oracle cuts 21,000 jobs as it embraces AI
Summary
Oracle cut about 21,000 jobs worldwide in the past year as it changes its business to focus more on artificial intelligence (AI). The company now has around 141,000 employees, down from 162,000 last year, and says AI technology has led to workforce reductions.Key Facts
- Oracle reduced its workforce by roughly 13%, cutting about 21,000 jobs globally.
- The company had 141,000 full-time employees as of May 31, 2026, compared to 162,000 the previous year.
- Oracle’s annual report states AI deployment has caused and may continue to cause job cuts.
- The company spent about $1.8 billion on severance and restructuring costs this year, up from $374 million last year.
- Oracle predicts potential skill shortages and lower productivity due to the reorganization.
- Oracle is investing heavily in AI infrastructure, including data centers for AI service providers like OpenAI and Meta.
- Other tech giants like Amazon and Meta have also cut jobs while spending billions on AI development.
- Oracle plans to spend at least $50 billion on AI infrastructure in 2026.
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