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Tech giant Oracle sheds 21,000 jobs in a year as AI replaces some roles
Key takeaways
- The software and cloud computing firm says it had around 141,000 full-time employees as of 31 May 2026, down from about 162,000 workers at the same time last year.
- The "deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce," the report says.
- The cuts are part of a wider trend among tech firms as they spend hundreds of billions of dollars on adopting AI and building infrastructure like data centres.
Osmond Chia Business reporter Getty Images Oracle co-founder Larry Ellison US technology giant Oracle shed about 21,000 roles globally in the last year as it reshapes its business around artificial intelligence (AI), its latest annual report shows.
The software and cloud computing firm says it had around 141,000 full-time employees as of 31 May 2026, down from about 162,000 workers at the same time last year.
The "deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce," the report says.
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