Oracle cutting thousands of jobs to cut costs amid AI push
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Billionaire Larry Ellison's Oracle sent layoff emails to employees worldwide at 6 a.m. Tuesday, with some analysts estimating 20,000 to 30,000 job cuts in one of the company's largest workforce reduct
Oracle Corporation, a major Bay Area tech employer in California owned by Larry Ellison, laid off staff globally and delivered the news via email.
The emails, sent from Oracle Leadership, informed employees that their roles had been eliminated as part of broader organizational changes, and that
Oracle began global layoffs on Tuesday as it tries to curb costs. Read the email it sent to affected employees.