Oracle Cuts 21,000 Jobs Amid AI Restructuring

California. American technology company Oracle has cut jobs for approximately 21,000 employees worldwide amid a business restructuring focused on artificial intelligence (AI). According to the company's latest annual report, Oracle had 141,000 full-time employees as of May 31, 2026. In the previous year, during the same period, this number was approximately 162,000. Thus, the company's total workforce has been reduced by about 13 percent in one year.

The report clearly states that the use of AI technology in various operational processes of the company has created a situation where the number of employees may decrease. The company has stated that the use of AI technology in operations has reduced the workforce and such an impact may continue in the future.

Oracle has stated that it spent approximately $1.8 billion in the last fiscal year on employee cuts and other restructuring processes. This is significantly higher than the $374 million in the previous year. The company has also warned that restructuring may lead to a shortage of skilled manpower in some areas and may affect productivity.

Oracle is currently competing to build large data centers for AI companies. The company is investing heavily, especially to serve companies like OpenAI and Meta. According to the BBC, Oracle plans to spend at least $50 billion on AI infrastructure this year alone. The company's co-founder Larry Ellison is currently in the role of Chief Technology Officer (CTO). He is one of the richest people in the world.

Other major technology companies planning to invest heavily in AI have also cut thousands of jobs. American online retail company Amazon plans to invest approximately $200 billion in AI next year and has announced plans to cut about 30,000 jobs. Google, Amazon, and Meta are expected to jointly invest approximately $650 billion in AI technology this year. According to job monitoring organizations, more than 100,000 technology sector employees have been laid off worldwide in the last year. technology