Oracle cuts 21,000 jobs in one year, citing AI adoption
- Source
- Bloomberg
- Time
- 10:53 PM
- Weight
- 95/100
Oracle Corp. reduced its global workforce by 21,000 employees over the past year, according to a recent annual financial regulatory filing. This scale of staff reduction is significantly larger than previously reported, reflecting a major shift in the company's operational structure and human resources requirements.
The company explicitly identified the implementation of artificial intelligence as a primary factor behind the job cuts. Oracle stated that the adoption and deployment of AI technologies across its operations have directly led to the elimination of certain positions.