Friday, 24 March, 2023

Oracle thought of lay off thousands to save $1B: Reports

<p>Oracle reportedly thought of firing thousands of employees recently in order to save up to $1 billion through cost-cutting measures. Job losses might &quot;disproportionately affect US and European-based workers in divisions like marketing for software applications that automate customer care and e-commerce tasks,&quot;. As the business made investments to serve its new client, China-based TikTok controlled by ByteDance, job cutbacks were discussed.</p>