Oracle admits it has cut 21,000 jobs, admits 'deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce'

Oracle.

• Oracle now has around 141,000 workers, down from 162,000 in 12 months
• The company spent $1.84 billion in severance and related costs last year
• Billions to be raised by means of new debt and equity to fund AI plans

Despite recently confirming record revenues of $67.4 billion in its just-closed fiscal year, marking a 17% rise, Oracle has laid off an estimated 21,000 workers during that same 12-month period.