Oracle to cut 21,000 jobs in 12 months, citing the adoption of AI technology.

Oracle, the software development company, laid off 21,000 employees in the 12 months ending May 31, 2026, according to its financial report.

ORACLE CORPORATION FISCAL YEAR 2026 FORM 10-K ANNUAL REPORT

Oracle Layoffs Fueled by AI, Reduces Workforce by 21,000 - Bloomberg
https://www.bloomberg.com/news/articles/2026-06-22/oracle-layoffs-fueled-by-ai-reduces-workforce-by-21-000

A report released by Oracle to regulators on May 31, 2026, the end of its fiscal year, revealed that the number of employees had decreased from 162,000 in the same period in 2025 to 141,000.

It was reported that Oracle would lay off 20,000 to 30,000 employees worldwide on March 31, 2026, but this report reveals that the actual number was 21,000.

Oracle lays off up to 30,000 employees; employees lost their jobs with no prior notice, receiving only a single email in the morning - GIGAZINE

The employees who were laid off were not given any prior notice from the HR department or the opportunity to talk with their supervisors, and lost their jobs after receiving a single email early in the morning. Regarding the reason for the layoffs, Oracle stated, 'The adoption and deployment of AI technology across our entire business operations has resulted in and may result in further reductions in the number of employees.'

Of the employees laid off, approximately 49,000 are employed in the United States, and approximately 92,000 are employed outside the United States. According to the report, these layoffs incurred approximately $1.8 billion (approximately 290 billion yen) in restructuring costs.

Oracle is facing financial pressure as it builds large-scale AI data centers for customers like OpenAI. Following the announcement of its contract with OpenAI, Oracle's stock price surged by as much as 47% between August and September 2025, but at the time of writing, it has fallen by approximately 47% from its peak and settled back to pre-August 2025 levels.

Oracle stock surges, making Chairman Larry Ellison the world's richest person, surpassing Elon Musk; Oracle signs $300 billion cloud computing deal with OpenAI - GIGAZINE

by Arc PR