The company’s latest annual report shows that Oracle cut roughly 21,000 jobs globally in the past year as the US IT giant revamps its business around artificial intelligence (AI). The software and cloud computing company had roughly 141,000 full-time employees as of May 31, 2026, down from about 162,000 employees at the same period last year, it said.
The study adds “deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce”. The layoffs, which account for around 13% of Oracle’s staff, are part of a broader trend among tech corporations spending hundreds of billions of dollars on AI infrastructure such as data centres.
Amazon and Facebook owner Meta have slashed thousands of jobs in recent months as they invest heavily in AI. Tech employment tracking businesses estimate that more than 100,000 tech professionals have lost their jobs in the past year.
Senior employees posting online said Oracle conducted “significant” job cuts in April but the full magnitude of the layoffs was not exposed until its annual report was filed. The company said the layoffs have cost around $1.8bn (£1.36bn) in severance payments and other restructuring costs in the past year.The US IT giant has cut about 21,000 roles worldwide over the last year as it pivots its operations to artificial intelligence (AI), the firm’s latest annual report says. The software and cloud computing company had roughly 141,000 full-time employees as of May 31, 2026, down from about 162,000 employees at the same period last year, it said.
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