Oracle To Cut Over 20,000 Jobs: Is AI Hitting Senior Employees First?

Oracle To Cut Over 20,000 Jobs: Is AI Hitting Senior Employees First?

The cuts at Oracle are not an isolated event. Over the past month alone, companies including Meta, Microsoft, Disney and ASML have announced layoffs.

Oracle Layoffs Affect Over 20,000 Employees Globally Despite Record 22% Revenue Growth; Employees With 30 Years Service Hit | 📲 LatestLY

Oracle has laid off approximately 20,000 to 30,000 employees globally despite reporting a 22% rise in revenue and record growth in its cloud business. The cuts are notable for impacting veterans with over 30 years of tenure, including senior security and documentation directors. While the company focuses on AI expansion. 📲 Oracle Layoffs Affect Over 20,000 Employees Globally Despite Record 22% Revenue Growth; Employees With 30 Years Service Hit.