NDTV

"Your Last Working Day": Oracle's 6 am Layoff Email That Ended Thousands of Jobs

In India, an estimated 12,000 employees are said to have been affected. Thousands of employees at Oracle Corporation woke up to an unexpected and unsettling message early Tuesday morning -an email ...
KXAN

Oracle cuts thousands of jobs, prompting questions about Austin’s tech economy

AUSTIN (KXAN) — Austin-based tech giant Oracle is laying off thousands of workers, a move first reported by CNBC that’s raising questions about the future of the city’s tech-driven economy. While the ...
Mint

Oracle slashes 30,000 jobs: How much severance was offered? Which departments were affected? Key questions answered

Oracle has announced 30,000 job cuts, marking the biggest single tech layoff in the last 12 months. A CNBC report confirmed that the company's stock price declined sharply, linked to heavy spending on ...
moneycontrol.com

Oracle begins layoffs, up to 30,000 jobs at risk amid AI expansion: Report

Shares of Oracle have declined 27 per cent so far this year as investors weigh competition from generative AI and the impact of rising infrastructure spending on cash flow. Oracle announces global ...
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 ...
New York Post

Bloodbath at Oracle as staff stunned by brutal 6 a.m. layoffs email

Major Bay Area tech company Oracle announced mass layoffs Tuesday, notifying fired employees in an email at 6 a.m.. The message from one of the world’s largest software companies, chaired by ...
Reuters

Oracle begins layoffs affecting thousands, CNBC reports

March 31 (Reuters) - Cloud computing firm Oracle (ORCL.N), opens new tab is laying off thousands of employees, CNBC reported on Tuesday, citing two people familiar with the matter. Late on Tuesday, ...
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 ...
Austin American-Statesman

Oracle layoffs reported as company pushes deeper into AI

Oracle Corp. has begun layoffs that could affect thousands of employees to cut costs amid heavy debt-funded spending on artificial intelligence infrastructure. The Austin-based cloud computing company ...
Business Insider

Oracle lays off employees as it curbs costs during AI buildout

Oracle laid off some employees on Tuesday, according to two employees and LinkedIn posts. The cuts come as Oracle is trying to cut costs. The company's stock has dropped nearly 30% this year as AI ...
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 ...