Oracle reduced its workforce by 21,000 employees over the past year as it invests heavily in artificial intelligence infrastructure. The company attributed the cuts in part to the adoption of AI technologies in its operations.
Oracle disclosed the layoffs in a Securities and Exchange Commission filing submitted on Monday. The company now employs 141,000 full-time workers, down from 162,000 the previous year.
The filing stated that the adoption and deployment of AI technologies across operations have resulted and may continue to result in reductions to the workforce. Oracle linked the job cuts to its spending on data center infrastructure to support AI workloads.
The company spent 1.8 billion dollars on restructuring costs in its fiscal year ending May 31, a 481 percent increase from the prior year. It also plans to raise between 45 billion and 50 billion dollars in 2026 to expand its cloud infrastructure, with about half of the funding coming from debt.
