Oracle employees expect layoff emails on September 1, the day its fiscal second quarter begins, with managers asked to submit lists of affected employees and some teams facing double-digit cuts. Staff fear a repeat of March 31, when a 6 am email from "Oracle Leadership" told 10,000 workers their role was eliminated. Oracle has already cut 21,000 jobs this fiscal year while spending $55.7 billion on AI data centres.
Oracle employees expect layoff emails on September 1, the day its fiscal second quarter begins, with managers asked to submit lists of affected employees and some teams facing double-digit cuts. Staff fear a repeat of March 31, when a 6 am email from "Oracle Leadership" told 10,000 workers their role was eliminated. Oracle has already cut 21,000 jobs this fiscal year while spending $55.7 billion on AI data centres.
This story was originally reported by Times of India — Top Stories. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.
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