Layoffs at Oracle reduced the company’s workforce by 13% over the past year, cutting headcount by 21,000 as AI and cloud infrastructure spending increased.
The scale of the job cuts was reported by Bloomberg based on Oracle’s annual regulatory filing.
Oracle had 141,000 full-time employees as of 31 May 2026, down from 162,000 a year earlier.
The company said its use of AI across operations had led to workforce reductions and could continue to do so.
Oracle also pointed to broader restructuring activity, including changes linked to management, products, strategy, performance and acquisitions.
The cuts come as the company spends heavily on AI data centres and cloud capacity for customers such as OpenAI.
Oracle has been building more AI computing capacity while trying to manage the cost of that expansion.
The company recorded about US$1.8 billion in restructuring costs for the financial year, mainly from severance and other exit expenses.
By the end of May, Oracle had about 49,000 employees in the US and 92,000 outside the country.
Featured image: Edited by Fintech News Singapore, based on image by hryshchyshen via Magnific
