Oracle layoffs offer a warning: 5 money moves to make before the pink slip arrives
New Delhi, Sept. 26 -- Oracle's latest round of layoffs have impacted software developers, managers and infrastructure engineers across its cloud infrastructure business, as the technology giant continues a wider restructuring exercise that has already resulted in thousands of job cuts.
According to a report by Business Insider, an internal document shows that 546 employees in Oracle's America Cloud Infrastructure (ACI) organisation were affected by the latest job cut.
The leaked document was prepared to comply with the United States' federal age-discrimination laws. The 546 employees represented about 7.6% of the 7,185 employees listed in the unit.
This is not the first time a tech giant has announced layoffs in multiple phases. Some ...
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