Oracle announces new round of layoffs in early-morning email: ‘Today is your last working day’
Oracle’s Larry Ellison delivers the keynote at AI World. Oracle has begun another round of layoffs, according to Business Insider. The cuts come as the company’s AI cloud business is growing rapidly — and as Oracle spends billions building the infrastructure to support it.
TL;DR
- Oracle has begun a new round of layoffs, notifying employees via email.
- The cuts are happening as Oracle invests heavily in expanding data centers for its AI business.
- Employees reported issues with receiving layoff notifications and having their corporate account access revoked.
- These layoffs add to a year of significant workforce reductions at Oracle.
- Oracle is offering laid-off U.S. employees severance packages.
- The company recently reported strong quarterly results, with cloud infrastructure revenue jumping significantly.