Tech giant Oracle sheds 21,000 jobs in a year as AI replaces some roles

Oracle shed approximately 21,000 roles globally over the past year, according to a company announcement. The job cuts are part of a broader restructuring as the technology company pivots its operations around artificial intelligence. Oracle stated that 'the adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce.' The layoffs represent a significant reduction in headcount for the enterprise software giant.

The 21,000 figure covers positions across multiple countries and departments, though the company did not break down cuts by region or job function.

The announcement comes amid a broader trend of major tech companies reducing headcount in favor of automation and AI. The company did not specify the exact timeline for when the 21,000 reductions occurred, only stating they took place over the last year.