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49 Oracle Cuts Thousands of Jobs Across Sales, Engineering, Security

Slashdot
BeauHD @ Slashdot 2 place · today 18:00 EDT

Oracle Cuts Thousands of Jobs Across Sales, Engineering, Security

bobthesungeek76036 shares a report from the Register: Oracle laid off thousands of employees on Tuesday as it ramps spending on AI infrastructure projects internally and with major technology partners. The layoffs were carried out via email, according to copies of the message viewed by Business Insider. The email told affected workers they would be terminated immediately and to provide a personal email for follow-up.

The cuts echo a TD Cowen forecast earlier this year, when the investment bank questioned.

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