Oracle Laid Off (Tens of?) Thousands of People in March ⇥ theregister.com

O’Ryan Johnson, reporting for the Register at the end of March:

Oracle laid off thousands of employees on Tuesday as it ramps spending on AI infrastructure projects internally and with major technology partners.

[…]

Oracle employs about 162,000 people, with 58,000 of those in the US and approximately 104,000 internationally. If the rumored cuts of 30,000 are correct, it would amount to 18 percent of the company’s workforce.

Hugh Langley and Ashley Stewart, Business Insider:

Employees started receiving notifications early Tuesday. The cuts appear to have affected employees globally, but the full extent of the layoffs could not be immediately learned.

“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,” copies of the notification email viewed by Business Insider stated. “As a result, today is your last working day.”

This is possibly tens of thousands of people whose lives have been upended after getting an email. They had plans. Since those layoffs, Larry Ellison’s net worth has grown by about $45 billion.