8/1/2022, 6:59 PM (Source: TeleTrader)
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Oracle begins laying off US employees - report

Oracle has started firing its employees in the San Francisco Bay Area, in the United States, according to a report published by the Information on Monday.

The publication cited a source familiar with the company's decision, saying the layoffs come as part of the tech giant's plans to reduce its expenses by as much as $1 billion and reduce the number of employees by "thousands."

The personnel employed in Canada, India, and Europe could also be affected by the decision in the upcoming weeks, the report concluded.

Baha Breaking News (BBN) / ND