Title: Layoffs For AI: Oracle Pulls A Meta, Will Investors Buy The Efficiency Story
Company/Org: Oracle
News Source: Benzinga
Location: Various, India
Summary: Oracle is cutting staff to refocus on automation and AI driven growth in its OCI operations, echoing an efficiency playbook that investors saw at Meta. The piece weighs whether workforce reductions will translate into stronger margins.
URL:https://www.benzinga.com/markets/tech/25/08/47244364/layoffs-for-ai-oracle-pulls-a-meta-will-investors-buy-the-efficiency-story
8 replies (most recent on top)
@bs Mostly better severance packages in those countries and more time between notification and actual termination.
@OP EMEA will be trickier due to better labour rules in some European countries.
Tomorrow?
Fire more expensive Westerners.
Hire more cheap Easterners.
Rinse and repeat.
so are they done with North America for a coming month at least (in the context of vesting RSUs on September)?
EMEA has been asked to prepare lists to meet their RIF targets for impacted orgs. Lists are being prepared since last week. Communication to impacted people has not yet begun.
All the other orgs that haven’t been hit yet.
I have noticed in the threads that next week or on September it will be focused on EMEA, but anybody can confirm from that region..?