CNBC

Oracle cutting thousands in latest layoff round as company continues to ramp AI spending

Oracle is conducting a round of layoffs, two people familiar with the move told CNBC. The layoffs were in the thousands, the people said. The software maker has continued to increase spending on data ...
The Financial Express

What Oracle offered in severance packages to laid-off employees in India, US

Thousands of Oracle employees were made redundant on Tuesday — informed via email that their roles no longer existed. The missive offered workers a severance package that included several weeks’ of ...
CNBC

Oracle layoffs will help cost savings, analysts say

Oracle shares traded slightly lower on Wednesday after news that the company was laying off thousands of workers. The software giant recently said it is raising $50 billion for its data center ...
Business Insider

Read the email Oracle is sending to laid-off employees

Oracle began layoffs on Tuesday, affecting workers across various regions. Affected Oracle employees received layoff notifications that signaled immediate job termination. Laid-off Oracle staff were ...
Forbes

Oracle Layoffs Lead To Heartbreaking Posts On LinkedIn

This voice experience is generated by AI. Learn more. This voice experience is generated by AI. Learn more. REDWOOD SHORES, CALIFORNIA - MARCH 10: The Oracle logo is displayed on a building at an ...
Fox Business

Oracle laying off thousands of workers to cut costs amid AI push: report

Oracle on Tuesday reportedly began notifying employees that it is moving forward with a round of layoffs as the company looks to reduce costs. The number of layoffs is in the thousands, according to a ...
Indiatimes

Indian-origin US doctor reacts to Oracle layoff, says every single H-1B should be sent back home

IT firm Oracle announced a brutal layoff impacting 30,000 employees across the world in a 6am email on March 31. Informing the employees that March 31 was their last working day, the email said the ...
The Next Web

Oracle is cutting up to 30,000 employees to pay for AI data centres

Employees across the US, India, Canada, and Mexico woke up on 31 March to termination emails from “Oracle Leadership” with no prior warning. TD Cowen estimates the cuts will affect 18% of Oracle’s 162 ...
Fast Company

Oracle layoffs: Stock price rises as sudden job cuts shock employees

Another round of layoffs has hit the tech industry, this time at SaaS giant Oracle Corporation (NYSE: ORCL). The job cuts reportedly came out of the blue for most affected employees, with many ...
MyNorthwest.com

Oracle to lay off nearly 500 WA employees, mostly affecting Seattle

Oracle announced it is laying off nearly 500 employees based in Washington. Oracle, a global tech company that specializes in cloud computing, revealed thousands of workers are being laid off in a ...
BBC

Thousands lose their jobs in deep cuts at tech giant Oracle

Tech giant Oracle made "significant" job cuts on Tuesday, according to senior employees posting online. Michael Shepherd, a senior manager, was not affected by the job cuts but wrote on LinkedIn that ...