{"id":533,"date":"2026-06-23T04:41:32","date_gmt":"2026-06-23T04:41:32","guid":{"rendered":"https:\/\/longhaulmovingpros.com\/?p=533"},"modified":"2026-06-23T04:41:32","modified_gmt":"2026-06-23T04:41:32","slug":"oracle-cuts-21000-jobs-in-one-year-blames-ai-for-at-least-some","status":"publish","type":"post","link":"https:\/\/longhaulmovingpros.com\/?p=533","title":{"rendered":"Oracle Cuts 21,000 Jobs in One Year, Blames AI For at Least Some"},"content":{"rendered":"
\n

Over the past year, Oracle has cut 21,000 jobs, according to an SEC filing. Part of the reason is apparently AI.<\/p>\n

Read more WhatsApp Is Getting A New CEO From The Fintech World<\/a><\/p>\n

As published on Stock Titan,\u00a0the filing says \u201cthe adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce.\u201d The relevant paragraph begins with bolded text reading, \u201cOur periodic workforce restructurings and reorganizations can be disruptive,\u201c which certainly seems plausible.<\/p>\n

Oracle is a massive tech company best known for creating database software that became a staple during the 90s tech boom. Increasingly, however, Oracle is known for being a cloud computing provider. Its co-founder and former CEO, Larry Ellison, was briefly the richest man in the world last year amid market exuberance over AI.<\/p>\n

Ellison is also a close friend of President Trump. An anonymous Trump advisor reportedly told a Wired reporter last year that Ellison was a \u201cshadow president of the United States.\u201d<\/p>\n

\n<\/div>\n

As noted by Bloomberg, Oracle had 162,000 employees aboutyear ago, and now has 141,000. This has led to a series of changes that also resulted in \u201c$1.8 billion in restructuring costs.\u201d<\/p>\n

Read more Trump Just Signed Two Executive Orders Aimed at Hastening the Arrival of the Quantum Computing Era<\/a><\/p>\n

The filing also says restructuring can bring about, \u201cshortages of sufficiently skilled employees in certain roles, loss of valuable institutional knowledge and damage to employee morale and retention.\u201d<\/p>\n

\n<\/div>\n

During an earnings presentation in March, Oracle CEO Mike Sicilia said his company \u201cis using the best AI coding tools and the best developers not only to accelerate our SaaS business, but to deliver solutions that enable entire ecosystems across numerous industries.\u201d<\/p>\n

In addition to using AI internally, Oracle just keeps spending money to build the data center capacity its customers, such as OpenAI, so desperately need\u2014gambling, essentially, that eventually companies like OpenAI will pay it so much for compute that it will be able to repay all its debt. In the last fiscal year, Oracle\u2019s capital expenditures came to $55.7 billion. <\/p>\n

\n<\/div>\n

An anonymously sourced Bloomberg article from March said Oracle\u2019s shortage of cash was leading to layoffs. That appears to be borne out by this latest filing<\/p>\n

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It’s using AI internally, and spending money to support AI everywhere else.<\/p>\n","protected":false},"author":1,"featured_media":532,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-533","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence"],"yoast_head":"\nOracle Cuts 21,000 Jobs in One Year, Blames AI For at Least Some - Long Haul Moving Pros<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/longhaulmovingpros.com\/?p=533\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oracle Cuts 21,000 Jobs in One Year, Blames AI For at Least Some - Long Haul Moving Pros\" \/>\n<meta property=\"og:description\" content=\"It's using AI internally, and spending money to support AI everywhere else.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/longhaulmovingpros.com\/?p=533\" \/>\n<meta property=\"og:site_name\" content=\"Long Haul Moving Pros\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-23T04:41:32+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/longhaulmovingpros.com\\\/?p=533#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/longhaulmovingpros.com\\\/?p=533\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/longhaulmovingpros.com\\\/#\\\/schema\\\/person\\\/ed9c8f732aec56889e8fd0602fe5af4b\"},\"headline\":\"Oracle Cuts 21,000 Jobs in One Year, Blames AI For at Least Some\",\"datePublished\":\"2026-06-23T04:41:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/longhaulmovingpros.com\\\/?p=533\"},\"wordCount\":393,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/longhaulmovingpros.com\\\/?p=533#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/longhaulmovingpros.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/d15da4787ecca25db8475ad8da881f75.webp\",\"articleSection\":[\"Artificial Intelligence\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/longhaulmovingpros.com\\\/?p=533#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/longhaulmovingpros.com\\\/?p=533\",\"url\":\"https:\\\/\\\/longhaulmovingpros.com\\\/?p=533\",\"name\":\"Oracle Cuts 21,000 Jobs in One Year, Blames AI For at Least Some - 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