The workforce of U.S. software giant Oracle contracted by about 21,000 people over the past fiscal year as the company reorganized operations around artificial intelligence and cloud infrastructure, according to its annual report.
Oracle said it had approximately 141,000 full-time employees as of May 31, down from 162,000 a year earlier, marking a decline of around 13% in its global workforce.
The company linked part of the reduction to the growing use of artificial intelligence across its operations.
"The adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce," Oracle said in the filing.
The company also cited management changes, product transitions, performance issues, strategic shifts, acquisitions and other internal and external factors among the reasons for periodic workforce restructuring and reorganization.
