An annual regulatory filing by billionaire Larry Ellison-led Oracle revealed the company has laid off 21,000 people—almost 13% of its workforce—over the last 12 months due to the "adoption and deployment of AI technologies across our operations,” and warned more cuts could be coming.
Oracle co-founder Larry Ellison in the Oval Office of the White House on Feb. 3, 2025.
JUNE 22, 2026The report said Oracle's workforce now stands at 141,000 full-time employees—down from 162,000 one year ago—and admitted that the AI-centered restructuring "may continue to result in reductions to our workforce."
MAY 25, 2026The technology industry has cut over 123,000 jobs so far this year, Challenger, Gray & Christmas said, and AI is now the leading reason cited for job cuts—responsible for an estimated 38,579 in May and 87,714 year-to-date.
Tech is the “primary industry” citing AI for job cuts, Challenger said, and the 38,242 jobs cut in May is the most in a single month for the sector since August 2024.
