Oracle has reduced its global workforce by 21,000 employees over the past year, representing a 13% decrease, according to a Bloomberg report released on Tuesday. The cuts encompass regular full-time positions within the American software company. This restructuring follows previous rounds of layoffs initiated in August 2023, impacting various departments. Oracle has not publicly disclosed specific reasons for the reductions, but industry analysts suggest it’s part of a broader effort to streamline operations and focus on cloud-based services. The company continues to invest in artificial intelligence and other emerging technologies. These layoffs reflect a trend of workforce adjustments within the tech sector amid economic uncertainty and shifting priorities. The information was reported by Bloomberg and subsequently picked up by Yonhap News Agency.