Tech giant Oracle reportedly blindsides thousands with emailed layoffs
Technology giant Oracle formerly headquarters He’s laying off thousands of people in Silicon Valley and plans to pour money into artificial intelligence, According to CNBC.
It’s unclear which positions and locations will be part of the layoffs, but CNBC reports the layoffs are in the “thousands.” A spokesperson for Oracle told SFGATE that the company declined to comment.
The outages reportedly began early Tuesday, with workers caught off guard by sudden email notifications. Business Content. The email obtained by the outlet cited the company’s restructuring as the reason for the cuts.
“We are sharing some difficult news regarding your location,” the email said. “After careful consideration of Oracle’s current business needs, we have made the decision to eliminate your role as part of a broader organizational change. As a result, today is your last day of work.”
The California Employment Development Department did not respond by the time of publication to SFGATE’s request for any Oracle WARN applications, which are typically required in mass layoff situations.
Earlier this month, Bloomberg reported It was stated that Oracle, headquartered in Austin, Texas, is preparing for mass layoffs as it plans to increase its artificial intelligence power. According to the press, Oracle plans to build new data centers to increase artificial intelligence work for customers such as OpenAI.
The reported layoffs follow a new round of rounds at the company last year. More than 200 people were dismissed For workers in the Bay Area, especially software developers.
Seer It was also announced in March It said its quarterly revenue increased by 22% and its quarterly net income totaled $3.7 billion.
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This article was first published at: Tech giant Oracle reportedly blindsided thousands with emailed layoffs.
