Oracle starts job cuts in U.S. - The Information

Credit: REUTERS/Mike Blake

Aug 1 (Reuters) - Oracle Corp ORCL.N has started to lay off employees in the United States, The Information said on Monday, citing a person with direct knowledge of the matter.

The publication in July reported that Oracle was considering cutting thousands of jobs in its global workforce after targeting cost cuts of up to $1 billion. https://bit.ly/3OVYkoq

The company had about 143,000 full-time employees as of May 31, according to its latest annual report.

The layoffs at Oracle will affect employees at its offices in the San Francisco Bay Area, Monday's report said, but it did not mention the number of employees affected. https://bit.ly/3Q7awTC

Oracle did not immediately respond to a Reuters request for comment.

The report also said layoffs in Canada, India and parts of Europe were expected in the coming weeks and months.

Technology giants Microsoft Corp MSFT.O, Alphabet Inc GOOGL.O and Apple Inc AAPL.O have also discussed cuts or a slowdown in hiring plans in response to rising costs and fears of a recession.

(Reporting by Yuvraj Malik in Bengaluru; Editing by Devika Syamnath)


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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