As of the end of May, U.S.-based Oracle Corp. employed about 141,000 people, down from 162,000 a year earlier. Of these, roughly 49,000 work in the United States and 92,000 in other countries.
Layoff-related charges amounted to approximately $1.8 billion.
The job cuts were partly driven by artificial intelligence taking over employee functions.
"The implementation and deployment of AI technologies in our operational processes have led and may continue to lead to a reduction in headcount," the company said in a statement.
Since the start of 2026, Oracle's market capitalization has fallen by 10% to $530 billion.