Oracle cuts 21,000 jobs, cites AI integration.

Oracle has reduced its workforce by 21,000 employees over the past year, a 13 percent decline, according to a regulatory filing made public on Monday, June 22. The company explicitly cited its adoption of artificial intelligence as a factor in the job cuts.

The cloud computing and software giant reported having 141,000 full-time employees as of May 31, the end of its fiscal year, down from approximately 162,000 a year earlier. The reductions resulted in $1.8 billion in restructuring costs, primarily for severance and other exit payments.

In its annual filing with the Securities and Exchange Commission, Oracle stated that the integration of AI technologies into its operations has already led to workforce reductions and may continue to do so. The disclosure provides concrete numbers to a trend of technology companies reporting strong financial results while simultaneously cutting jobs, often attributing the moves to AI-driven efficiency gains and strategic realignment.

Oracle’s workforce is now slightly smaller than it was before its $28 billion acquisition of electronic health records company Cerner in 2022, which had significantly increased its headcount. The company currently...