Software giant Oracle disclosed in a regulatory filing that it has eliminated 21,000 positions over the past year, representing nearly 13 percent of its workforce, as the software giant accelerates AI integration across its operations.
Forbes reports that Oracle, founded by billionaire Larry Ellison, now employs 141,000 full-time workers, down from 162,000 a year earlier, according to the annual filing. Oracle explicitly attributed the reductions to what it described as the “adoption and deployment of AI technologies across our operations,” and cautioned that this restructuring initiative “may continue to result in reductions to our workforce.”
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