Global technology company Oracle has laid off approximately 21,000 employees worldwide over the past year as it restructures its operations around artificial intelligence (AI).
According to the latest annual report of the company, Oracle’s workforce declined from about 162,000 employees to 141,000 as of May 31, 2026, representing roughly 13% of its global staff. The company spent $1.8 billion on severance payments and restructuring costs during the period.
Oracle stated the growing adoption of AI technologies across its operations contributed to the workforce reduction and indicated that additional job cuts could occur in the future. The company warned that the restructuring process could temporarily affect productivity and create shortages in certain skilled roles.
Companies such as Meta and Amazon have also announced significant layoffs as they increase spending on AI development.
Experts estimate that more than 100,000 technology workers have lost their jobs over the past year as companies adjust their workforce strategies to accommodate AI-driven operations.
