Oracle discloses layoff details: Tech, management roles see major cuts

Tech company Oracle has announced a major round of lay-offs this week, with up to 30,000 employees losing their jobs, PTI reported. New details from official documents now show exactly which roles and locations are being affected.

Oracle sent lay-off emails at 6 am local time on Tuesday to employees in Canada, India, Mexico, and the U.S. The company said the move is part of a “broader organizational change.” The layoffs are aimed at saving $8 billion to $10 billion, which will be used to invest in AI projects, according to a report by The Next Web.