Tech giant Oracle cuts 21,000 jobs
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The growing use of AI contributed to Oracle laying off 21,000 workers in a year, according to a Securities and Exchange Commission filing on Monday.
The Independent on MSN
Oracle reveals 21,000 layoffs in last year were due to AI
Oracle reveals 21,000 layoffs in last year were due to AI - The Texas-based cloud company disclosed nearly $2 billion in severance and restructuring expenses tied to workforce reductions, which began
Oracle ( ORCL) has cut some 21,000 jobs over the last year, as the company continued its massive push into the AI data center space. In its annual 10-K filing with the Securities in Exchange Commission, Oracle said it had some 141,000 full-time employees. That's down from the 162,000 the company reported in 2025.
Oracle has quietly axed 21,000 workers in a massive jobs bloodbath as it pours billions into artificial intelligence, all while admitting the technology is helping eliminate positions. The scale of the cuts was revealed in a regulatory filing Monday,
Oracle carried out layoffs in March. A new filing shows how much smaller the workforce is compared to this time last year.
Oracle (NYSE:ORCL | ORCL Price Prediction) at $175 looks compelling on the data. The stock has been pulled into the broader software compression trade even as its Q4 report revealed a $638 billion AI backlog that locks in years of forward revenue.
Oracle's workforce shrank by about 21,000 employees over the past year as the tech company spent heavily on AI and cloud infrastructure, according to a new filing.
