In an annual regulatory filing, 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, reports Forbes.

In its June 22 report to the Securities & Exchange Council for the fiscal year 2026, the software giant, led by billionaire Larry Ellison, said its workforce now stands at 141,000 full-time employees — down from 162,000 one year earlier. Approximately 49,000 workers are employed in the U.S.

“We believe that helping our employees learn and apply new skills is key to retaining and engaging them. It is also critical to our ability to innovate and rapidly evolve,” said the report, signed by Ellison and other executives. Oracle said its employees received more than 4.2 million hours of training in fiscal 2026 and accessed online learning content at an average rate of approximately 2.6 million views per month. Instructor-led classes, virtual library content and online learning resources cover topics including AI.

While Oracle already has in place “an existing restructuring plan” to make adjustments to the workforce, the report added that “the adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce.”

BBC News says the announcement reflects a wider trend among tech firms, which are spending hundreds of billions of dollars on building AI infrastructure such as data centers. Amazon and Facebook-owner Meta have cut thousands of job in recent months, on the back of heavy investment in AI. More than 100,000 tech workers have been laid off in the past year, according to estimates from employment tracking firms, reports the BBC.