US EditionOracle begins massive layoffs to fund AI data center push
The cuts could reach 20,000 to 30,000 workers, analysts said, as Oracle redirects cash from payroll to a $156 billion AI data-center buildout.
- On Tuesday, US-based Oracle Corporation reportedly laid off approximately 12,000 Employees in India, citing Organisational changes in an email stating that specific roles had become Redundant.
- Reports suggest the layoffs are linked to internal restructuring and efforts to "streamline operations," as the company aims to align operations with business priorities.
- Oracle has outlined a severance package including 15 days salary for each completed year of service, along with one month's unpaid wages, while Worldwide the company has cut approximately 30,000 jobs.
- Two individuals impacted by the retrenchment, including One from the human resources department, told PTI the company is preparing for further cuts within the next month.
- Former Employee Raises Work Culture Concerns Merugu Sridhar, a former Oracle employee, said he was laid off in September after protesting a 16-hour work shift; Some Indians working in the US-based company noted stricter labor laws offered different protections.
139 Articles
139 Articles
The U.S. cloud and IT services group has brutally eliminated between 10,000 and 30,000 positions since Tuesday, March 31. A massive, undisclosed-numbered dismissal aimed at financing projects in data centres.
Oracle reported to lay off up to 30,000 workers globally via email
Tech giant Oracle joined the industry-wide AI jobs massacre by informing thousands of employees on Monday via an email message at 6:00 a.m. that “current business needs” have eliminated their position and “today is your last working day.”
Tech giant slashes 30,000 jobs in 6am email
US technology giant Oracle has slashed thousands of staff in a bold restructure to free up billions of dollars for Artificial Intelligence (AI).The formerly Silicon Valley-based company laid off 30,000 employees this week to funnel billions of dollars into its AI data centres – around 19 per cent of its global workforce.The news was reportedly delivered to impacted staff in a 6am email, which saw Oracle inform workers that it was undergoing a …
The Oracle started a restructuring of its work force, eliminating about 30,000 employees to ensure liquidity in its new investments in artificial intelligence (IA). The size of the cuts in Oracle...
Oracle Slashes Thousands of Jobs to Fund AI Expansion
Software giant Oracle stunned thousands of workers across the globe Tuesday by notifying them of their termination via email sent at 6:00 a.m. The layoffs are designed to free up cash for the company's aggressive AI expansion. The post Oracle Slashes Thousands of Jobs to Fund AI Expansion appeared first on Breitbart.
Oracle layoffs could reach 30,000 as company doubles down on AI
The company declined to comment on the total scope of the layoffs, though some estimates suggest they could affect as many as 20,000 to 30,000 workers. Oracle employed about 162,000 people worldwide as of the end of May.Read Entire Article
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