Oracle Eliminates 30,000 Roles in 6 A.M. Layoff Notice
BeInCrypto
Oracle laid off approximately 30,000 employees via email at 6 a.m., impacting around 18% of its global workforce.Summary
Oracle recently conducted mass layoffs, terminating the roles of around 30,000 employees with notification emails sent at 6 a.m. This reduction represents approximately 18% of the company’s global workforce and affected divisions including Oracle Health, Sales, Cloud, Customer Success, and NetSuite. Affected employees were informed they would be eligible for a severance package. This move is part of a broader trend of workforce reductions within the tech industry, with companies like Meta, Amazon, and Block also implementing significant layoffs. The cryptocurrency industry is also experiencing similar cuts, with companies like Gemini, Crypto.com, and the Algorand Foundation reducing their staff numbers.
(Source：BeInCrypto)