Tech giant Oracle cuts 21,000 jobs as it embraces AI
Oracle has cut approximately 21,000 jobs over the past year as it pivots its business model toward artificial intelligence. The company cited the need to reallocate resources toward AI infrastructure and cloud services as the primary driver for the restructuring.
Why it matters
This move reflects a broader industry trend where major tech firms are aggressively shedding legacy roles to fund massive capital expenditures in AI.
Share Save Add as preferred on Google Osmond Chia Business reporter Getty Images Oracle was co-founded by Larry Ellison in 1977. He remains its chief technology officer Oracle shed about 21,000 roles globally in the last year as the US technology giant reshapes its business around artificial intelligence (AI), the firm s latest annual report shows.
The article reports on corporate restructuring using official filings and industry context without taking a stance on the layoffs.
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