Oracle starts job cuts in U.S. - The Information


FILE PHOTO: 3D printed clouds and figurines are seen in front of the Oracle cloud service logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration

(Reuters) - Oracle Corp has started to lay off employees in the United States, The Information said on Monday, citing a person with direct knowledge of the matter.

The publication in July reported that Oracle was considering cutting thousands of jobs in its global workforce after targeting cost cuts of up to $1 billion. https://bit.ly/3OVYkoq

The company had about 143,000 full-time employees as of May 31, according to its latest annual report.

The layoffs at Oracle will affect employees at its offices in the San Francisco Bay Area, Monday's report said, but it did not mention the number of employees affected. https://bit.ly/3Q7awTC

Oracle did not immediately respond to a Reuters request for comment.

The report also said layoffs in Canada, India and parts of Europe were expected in the coming weeks and months.

Technology giants Microsoft Corp, Alphabet Inc and Apple Inc have also discussed cuts or a slowdown in hiring plans in response to rising costs and fears of a recession.

(Reporting by Yuvraj Malik in Bengaluru; Editing by Devika Syamnath)

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

   

Next In Tech News

TikTok to partner with TalkShopLive for U.S. live shopping - FT
Shangri-La hotels customer database hacked
Musk's advice to younger self: 'Stop and smell the roses'
Australia's Optus says 'deeply sorry' for cyberattack
My anxiety meter runs hot; VR meditation helped me relax
Crypto lender Celsius not seeking payments for outstanding loans
The big picture: US space scientists build world’s largest digital camera
How to get more value from your smartphone
Amazon's Alexa to provide basis for voice assistant in BMW cars
Analysis-Mexico data hack exposes government cybersecurity vulnerability

Others Also Read