Oracle Corp. has announced a reduction of approximately 21,000 jobs over the past year, attributing some of the cuts to the increasing adoption of artificial intelligence technologies.
NEW DELHI – Oracle Corp., the U.S.-based technology giant, has revealed that it has reduced its workforce by around 21,000 employees in the past year. The company acknowledged that the growing adoption of artificial intelligence (AI) technologies played a role in some of these job cuts.
In its annual regulatory filing, Oracle reported that its global workforce totaled 141,000 full-time employees as of May 31, a decrease from 162,000 a year prior.
According to the filing, “The adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce.”
The workforce reduction has incurred restructuring costs of approximately $1.8 billion, as stated by Oracle.
This announcement comes as Oracle continues to invest significantly in AI infrastructure and data centers to cater to the increasing demand from clients, including OpenAI. The company has been enhancing its AI capabilities amid escalating competition among leading cloud service providers.
As of May 31, Oracle employed around 49,000 individuals in the United States and about 92,000 internationally.
The latest figures highlight a growing trend of how AI adoption is beginning to transform workforce requirements across major technology companies.
Earlier this year, reports indicated that Oracle had initiated layoffs globally, with affected employees receiving notifications regarding their termination. This shift marks a significant moment in the tech industry as companies adapt to the evolving landscape driven by AI advancements, according to IANS.