"Employees received termination emails from Oracle Leadership at 6 a.m. local time, informing them that their roles had been eliminated as part of a broader organizational change."
"TD Cowen estimates the cuts will affect between 20,000 and 30,000 employees, roughly 18% of Oracle's global workforce of approximately 162,000 people."
"The layoffs were first reported by Bloomberg, indicating that cuts in the 'thousands' were being planned across multiple divisions, specifically targeting roles expected to be made redundant by AI."
"Employee posts on Reddit and Blind confirmed cuts in real time, with reports of entire teams in various units seeing reductions of at least 30%."
On March 31, Oracle began executing major layoffs, impacting employees in the US, India, Canada, and Mexico. Termination emails were sent without prior warning, indicating immediate role eliminations. TD Cowen estimates that 20,000 to 30,000 employees, approximately 18% of Oracle's workforce, will be affected. The layoffs are part of a broader organizational change aimed at reallocating funds for AI infrastructure, which Oracle plans to aggressively develop, requiring substantial financial investment.
Read at TNW | Business
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