Oracle Cuts 21,000 Jobs As AI Spending Rises

Oracle has reduced its global workforce by 21,000 jobs, or roughly 13 percent, during the fiscal year that ended in May. The latest round of US cuts on September 14 has left workers in India on edge, especially around the major development centers, though the company has not confirmed any new regional targets.

Reports indicate the reductions affect technical, engineering, sales, and support roles across teams like OCI security, Fusion, and NetSuite. These changes come even as Oracle plans to spend between $90 billion and $95 billion this fiscal year on artificial intelligence and cloud infrastructure. CEO Safra Catz noted that revenue growth rates are expected to rise significantly.

While corporate restructuring costs have climbed to about $2.8 billion, the firm continues to pivot its budget toward emerging tech sectors. Employees and market watchers will be tracking upcoming announcements to see if the ongoing workforce adjustments spread further across international offices.