Oracle Cuts 21,000 Jobs As It Embraces AI

Oracle cut roughly 21,000 jobs over the past year, reducing its workforce from 162,000 to 141,000, as it reorganizes around AI and ramps up spending on data centers for customers like OpenAI and Meta. The restructuring cost about $1.8 billion, and Oracle warns that further AI deployment may lead to more cuts but could also create skills shortages and hurt productivity.

Oracle cut roughly 21,000 jobs over the past year as it reorganized around AI and ramps up spending on data centers for customers such as OpenAI and Meta. The restructuring cost the company about $1.8 billion and, while Oracle says AI deployment may drive further reductions, it also warns the cuts could create skills shortages and hurt productivity. The BBC reports: The software and cloud computing firm says it had around 141,000 full-time employees as of May 31, 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, which amount to about 13% of Oracle's workforce, are part of a wider trend among tech firms as they spend hundreds of billions of dollars on building AI infrastructure like data centers. Read more of this story https://developers.slashdot.org/story/26/06/23/0548201/oracle-cuts-21000-jobs-as-it-embraces-ai?utm source=rss1.0moreanon&utm medium=feed at Slashdot.