Tech giant Oracle cuts 21,000 jobs as it embraces AI
Summary
BBC reports that Oracle is cutting about 21,000 jobs globally over the past year as it shifts its business toward artificial intelligence and cloud services. The company had around 141,000 employees as of May 31, 2026, down from about 162,000 a year earlier, with AI deployment cited as a driver for workforce reductions and restructuring costs totaling roughly $1.8 billion. The piece situates Oracle’s moves within a broader tech-layoff trend as major players plan large AI infrastructure investments.