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Tue, 23 Jun 2026

Tue, 23 Jun 2026 Tech giant Oracle cuts 21,000 jobs as it embraces AI

The cuts are part of a wider trend among tech firms as they spend hundreds of billions of dollars on AI.

* Oracle shed around 21,000 roles globally in the last year
* This amounts to a reduction of about 13% of the company's workforce
* Oracle had around 141,000 full-time employees as of May 31, down from about 162,000 workers at the same time last year
* The cuts were part of a wider trend among tech firms investing heavily in AI
* Over 100,000 tech workers have been laid off in the past year
* Oracle's restructuring efforts have led to $1.8bn in severance payments and other costs in the past year