Inside Oracle's job cuts: Employees over 40, middle managers take biggest hit in latest layoff round
New Delhi, Sept. 23 -- Oracle's latest layoffs have reorganized its vital cloud business, and a leaked document obtained by Business Insider reveals the scale and scope of the restructuring.
Last week, the tech giant began a new round of layoffs as it attempts to manage costs amid a massive, debt-funded expansion into artificial intelligence infrastructure.
The document, accessed by Business Insider and provided to comply with federal age-discrimination laws, detailed the job titles and ages of 546 laid-off employees in Oracle's America Cloud Infrastructure organization who were eligible for severance benefits.
This figure represented approximately 7.6% of the 7,185 employees listed in the unit, according to Business Insider.
Oracle h...
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