Oracle Starts Layoffs in the US

Oracle laid off an undetermined number of US employees and began considering similar moves in offices around the world. This is a part of an effort to cut costs by up to $1 billion.

The company has eliminated jobs in its US customer experience division. This followed an article last month stating lay-offs in Canada, India, and parts of Europe could also be in the works. Oracle information placed its full-time staff count at 143,000 at the end-May.

Apple, Alphabet, and Microsoft have recently also discussed cuts or a slowdown for their respective hiring plans in response to increasing costs. Meta Platforms recently lowered recruitment goals, as it braces for a tough economy.