Oracle Cuts 21,000 Jobs as Company Accelerates AI Expansion
Oracle has reduced its workforce by approximately 21,000 employees over the past year as the technology giant ramps up investments in artificial intelligence and cloud infrastructure. The cuts represent about 13% of the company’s global workforce.
The job reductions were disclosed in Oracle’s latest annual filing and were linked to restructuring efforts, organizational changes and the growing use of AI technologies across the business. The company’s headcount fell from about 162,000 employees to 141,000.
The move comes as Oracle aggressively expands its AI and cloud operations. The company plans to spend around $70 billion on capital expenditures this fiscal year and has secured major AI-related contracts, including agreements with OpenAI and Meta.
According to reports, Oracle spent roughly $1.8 billion on severance and restructuring costs during the year, significantly more than in the previous period. The company has also raised billions of dollars through debt and equity offerings to finance the construction of new data centers.
Oracle’s workforce reduction reflects a broader trend across the technology industry, where companies are increasingly using artificial intelligence to automate tasks while redirecting resources toward AI infrastructure and cloud computing.
