Oracle Cuts 21,000 Jobs

Oracle reduced its workforce by 13% over the past 12 months and cited AI deployment in an annual filing on Monday. The company currently employs 141,000 full-time workers, down from 162,000 the previous year. It joins several tech firms that are slashing jobs to offset massive capex spending on AI buildouts. Oracle shed 21,000 jobs, almost 13% of its workforce, in the past year, as tech giants carry out sweeping layoffs as a result of the technology.

The company's total workforce stands at 141,000 full-time employees as of May 2026, it said in its annual regulatory filing on Monday. That's down from 162,000 employees at the same time the previous year. This represents an almost 13% cut in its total workforce. 4% since the beginning of the year.

The move lower came amid a global tech selloff. "The adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce," Oracle said in the filing. 8 billion on restructuring costs, including severance payments and other exit costs, a jump from the $374 million it spent on restructuring the previous year. Oracle noted that the workforce changes can be "disruptive," including the increased restructuring costs and reduced productivity.

"These types of restructurings may also lead to shortages of sufficiently skilled employees in certain roles, loss of valuable institutional knowledge, and damage to employee morale and retention," it said. Oracle told employees in March that it was cutting thousands of jobs as it faced investor pressure over raising huge amounts of debt for its AI infrastructure buildout. In January, Oracle announced plans to raise $50 billion in debt and equity. 7 billion.

Oracle joins several tech giants, including Meta, Google, Microsoft and Amazon, who have announced capex plans that could reach $700 billion to fuel their AI data center developments. Meta laid off 8,000 employees, or 10% of its workforce in May, with CEO Mark Zuckerberg telling employees that "success isn't a given" in the age of AI. S. employees in April.

S. in 2025, with major firms including Salesforce and IBM slashing thousands of roles. CNBC has reached out to Oracle for comment.