Tech giant Oracle slashes 21,000 jobs while betting big on AI
India, June 23 -- Tech giant Oracle has cut approximately 21,000 jobs worldwide, representing about 13 percent of its workforce, during fiscal year 2026 as the company accelerates its shift toward artificial intelligence (AI), according to media reports.
The software major reported around 141,000 full-time employees as of May 31, 2026, down from approximately 162,000 a year earlier.
According to Oracle's latest annual report, the adoption of AI technologies across its operations has contributed to workforce reductions and could lead to further job cuts in the future.
Oracle joins a growing list of technology companies that have restructured operations amid heavy investment in AI. Companies such as Amazon and Meta have also announced mu...
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