Oracle has reduced its global workforce by about 21,000 employees over the past year, bringing its headcount down from 162,000 to 141,000. In a regulatory filing, the tech giant acknowledged that AI adoption contributed to some job cuts. Despite the layoffs and $1.8 billion in restructuring costs, Oracle continues to invest heavily in AI infrastructure and data centres to meet rising demand.

New Delhi: Oracle Corp. -- a global technology company that reduced its workforce by around 21,000 employees over the past 12 months -- has acknowledged that the adoption of artificial intelligence (AI) technologies contributed to some of the job cuts.

In its annual financial regulatory filing, the company has said its global workforce stood at 141,000 full-time employees as of May 31, down from 162,000 a year earlier.

“The adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce,” the company said in the filing.

The workforce reduction resulted in restructuring costs of about $1.8 billion, it added.