Oracle Cuts 21,000 Jobs Over Past Year, Cites AI as Factor in Workforce Reduction
By
Mariella Moon
Summary
Oracle has laid off approximately 21,000 employees over the past year, reducing its workforce from 162,000 to 141,000, according to its latest regulatory filings. The company cited AI as one of the reasons for the job cuts, alongside restructuring efforts. This follows earlier reports from March suggesting layoffs of 10,000 to 20,000 employees. The layoffs reflect a broader trend in the tech industry where companies are increasingly turning to automation and AI to streamline operations and reduce costs.
Source
bskyOracle Cuts 21,000 Jobs Over Past Year, Cites AI as Factor in Workforce Reductionengadget.comKey quotes
· 3 pulledOracle had sent anywhere between 10,000 and 20,000 employees packing.
Oracle's latest filings say it employs 141,000 people, down from 162,000 last year.
The company cited AI as one of the reasons for the job cuts.
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