Mass layoffs at oracle start Tuesday. 30,000 employees impacted, about 20% of the globlal workforce
Layoffs in Mexico started this week and are expected to start in the US and India on Tuesday, 31st March. Layoffs are being done by though in some cases face-to-face. Oracle Corp. is preparing to lay off thousands of workers across its business units to ease a cash shortage caused by its aggressive expansion of AI-powered data centres, a Bloomberg report said, citing people familiar with the plans. The report suggests that Oracle Chairman Larry Ellison is leading a major push to build new data centers that can handle demanding AI tasks for big customers, including OpenAI. The layoffs started at M5 level and most managers not even asked for ranking. Most seeing m4s on blind saying they dont know who. Managers find out Sunday night if they are not being laid off. A copy of the Layoff message We are sharing some difficult news regarding your position. Owing to certain organizational changes that are taking place in the company and after careful consideration of our curr...