Oracle cuts 21,000 jobs.

VTV.vn - Oracle is cutting 21,000 jobs in a year to restructure, focusing investment on AI and cloud computing, amid sharply rising restructuring costs.

Oracle logo at its headquarters in Texas (USA). (Illustrative image: People Matters)

Oracle has cut approximately 21,000 jobs over the past year, equivalent to nearly 13% of its global workforce, as it ramps up investment in artificial intelligence (AI) and cloud computing infrastructure.

Oracle currently has approximately 141,000 full-time employees as of the end of May 2026, a sharp decrease from 162,000 at the same time the previous year. Oracle stated that the adoption of AI and operational restructuring aimed at focusing resources on high-growth areas have led to the job cuts, and this trend may continue in the future.

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The company's restructuring costs in the last fiscal year rose to $1.8 billion, nearly five times the $374 million of the previous fiscal year.

The AI ​​job cuts come as Oracle accelerates its investment in AI infrastructure to compete with major tech giants like Microsoft, Amazon, Google, and Meta. Earlier this year, Oracle announced plans to raise approximately $50 billion through debt and equity issuance to finance data center projects and computing capacity for AI.

Analysts believe Oracle is not an isolated case. Many American technology companies are simultaneously expanding AI investments and cutting staff in traditional departments to optimize costs. Over the past year, Meta, Microsoft, IBM, Salesforce, and many other technology companies have also carried out layoffs involving thousands of employees.

According to US labor market monitoring organizations, AI and automation have become one of the main causes of job cuts in the technology sector starting in 2025. However, experts predict that the demand for personnel with skills in AI, cloud computing, and cybersecurity will continue to increase sharply in the coming years.

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Source: https://vtv.vn/oracle-cat-giam-21000-viec-lam-100260624123731999.htm