{"id":279506,"date":"2026-06-23T09:47:00","date_gmt":"2026-06-23T13:47:00","guid":{"rendered":"https:\/\/news-you-need.com\/index.php\/2026\/06\/23\/oracle-admits-artificial-intelligence-has-cost-21000-jobs\/"},"modified":"2026-06-23T09:55:57","modified_gmt":"2026-06-23T13:55:57","slug":"oracle-admits-artificial-intelligence-has-cost-21000-jobs","status":"publish","type":"post","link":"https:\/\/news-you-need.com\/index.php\/2026\/06\/23\/oracle-admits-artificial-intelligence-has-cost-21000-jobs\/","title":{"rendered":"Oracle Admits Artificial Intelligence Has Cost 21,000 Jobs"},"content":{"rendered":"

Oracle Admits Artificial Intelligence Has Cost 21,000 Jobs<\/a><\/p>\n

https:\/\/www.forbes.com\/sites\/maryroeloffs\/2026\/06\/23\/ai-cost-21000-jobs-at-oracle-this-year-and-more-layoffs-could-be-coming\/<\/a><\/p>\n

Publish Date: 2026-06-23 09:47:00<\/a><\/p>\n

Source Domain: www.forbes.com<\/a><\/p>\n

JUNE 22, 2026<\/span>The report said Oracle’s workforce now stands at 141,000 full-time employees\u2014down from 162,000 one year ago\u2014and admitted that the AI-centered restructuring “may continue to result in reductions to our workforce.”<\/p>\n

MAY 25, 2026<\/span>The technology industry has cut over 123,000 jobs so far this year, Challenger, Gray & Christmas said, and AI is now the leading reason cited for job cuts\u2014responsible for an estimated 38,579<\/strong> in May and 87,714<\/strong> year-to-date.<\/p>\n

Tech is the \u201cprimary industry\u201d citing AI for job cuts, Challenger said, and the 38,242<\/strong> jobs cut in May is the most in a single month for the sector since August 2024.<\/p>\n

MAY 25, 2026<\/span>Nvidia CEO Jensen Huang called CEOs who blame AI for layoffs “lazy” and said it doesn’t make sense from a businesses perspective that companies are already utilizing AI to such an extent people are being replaced: “I really hate that,” he said.<\/p>\n

MAY 20, 2026<\/span>Cloudflare CEO Matthew Prince blames artificial intelligence for the decision to cut 20% of its global workforce, or 1,000<\/strong> people, earlier this month, writing in an op-ed that the company has massively increased AI use in recent months and as a result, not longer needed middle managers, operations experts or parts of its auditing, finance, legal and compliance divisions.<\/p>\n

MAY 18, 2026<\/span>Meta, which will lay off 10% of its workforce Wednesday in a previously announced cut to jobs, tells 7,000 <\/strong>employees they will be reassigned to focus on artificial intelligence initiatives that \u201cwill make us more productive and make \u2060the \u200bwork more rewarding,\u201d Janelle Gale, Meta\u2019s head of human resources, said in an internal memo.<\/p>\n

MAY 13, 2026<\/span>Cisco Systems announces it will cut 4,000<\/strong> jobs and openly admits the layoffs are due to AI adoption at the company.<\/p>\n

MAY 11, 2026<\/span>General Motors lays off between 500 and 600<\/strong> information technology workers and while the company declined to comment on if AI played a role when asked by CNBC, one unnamed employee said the company plans to replace some of the…<\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Oracle Admits Artificial Intelligence Has Cost 21,000 Jobs https:\/\/www.forbes.com\/sites\/maryroeloffs\/2026\/06\/23\/ai-cost-21000-jobs-at-oracle-this-year-and-more-layoffs-could-be-coming\/ Publish Date: 2026-06-23 09:47:00 Source Domain:…<\/p>\n","protected":false},"author":1,"featured_media":279507,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/imageio.forbes.com\/specials-images\/imageserve\/6a3a88ebc8df787d33262dfc\/0x0.jpg?format=jpg&height=900&width=1600&fit=bounds","fifu_image_alt":"","footnotes":""},"categories":[14],"tags":[20],"class_list":["post-279506","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence","tag-artificial-intelligence"],"_links":{"self":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/279506"}],"collection":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=279506"}],"version-history":[{"count":1,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/279506\/revisions"}],"predecessor-version":[{"id":279508,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/279506\/revisions\/279508"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/279507"}],"wp:attachment":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=279506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=279506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=279506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}