Tech giant Oracle cuts 21,000 jobs as it embraces AI (opens original article in a new tab)

Tech giant Oracle cut 21,000 jobs globally as it shifts its business towards AI, reducing its workforce by 13% and increasing restructuring costs significantly.

• Oracle cut 21,000 jobs globally in the last year as part of its AI-focused restructuring
• The company's workforce decreased from 162,000 to 141,000 employees
• Oracle spent $1.8bn on severance and restructuring costs, up from $374m the previous year