/tech

Oracle reportedly sets aside $700 million more for job cuts

Oracle’s headcount fell 13% in a year to 141,000, with about 92,000 employees based outside the U.S., The Next Web reports.

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The Next Web reports that Oracle has set aside another $700 million for job cuts it has not yet made, raising its restructuring bill to $2.8 billion. The outlet says Oracle’s headcount fell 13% over a year to 141,000, including about 92,000 employees outside the U.S.

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Posts from X

7 posts

TN
TNW@thenextweb 2 days ago
Headcount fell 13% in a year. Oracle now has 141,000. It has raised the restructuring bill to $2.8B, and about 92,000 of those staff sit outside the US, where the clock is statutory.
thenextweb.com
Oracle has set aside $700M more for job cuts it has not made yet
Oracle raised its restructuring cost to $2.8bn for cuts it has not made yet. Two thirds of its staff are outside the US, where the clock is statutory.
- likes: 4
- replies: 1
- bookmarks: 1
- reposts: 2
BT
Business Today@business_today 2 days ago
#TechToday | Oracle layoffs: IT giant adds $700 million to restructuring tally amid expensive AI push https://ow.ly/13s0106EFCc
businesstoday.in
Oracle layoffs: IT giant adds $700 million to restructuring tally amid expensive AI push - BusinessToday
The ongoing layoffs follow a turbulent stretch for the company’s head count; workforce levels fell by roughly 21,000 employees over the year ending in May, leaving the enterprise software maker with about 141,000 global workers.
- likes: 7
- replies: 1
- bookmarks: 0
- reposts: 1
TN
TNW@thenextweb 12 hrs ago
On Friday, Oracle set aside $700M. Cuts began Monday. The restructuring reserve now stands near $2.8B, and the company has not said how many people this round covers.
thenextweb.com
Oracle told staff on Monday that Monday was their last working day
Oracle began fresh layoffs on Monday, two working days after disclosing a $700m addition to its restructuring reserve for cuts it had not yet made.
- likes: 9
- replies: 1
- bookmarks: 3
- reposts: 2
MI
Mint@livemint 11 hrs ago
‘Today is your last working day’: Oracle starts fresh layoffs as artificial intelligence spending rises
livemint.com
‘Today is your last working day’: Oracle starts fresh layoffs as artificial intelligence spending rises | Company Business News
Oracle is reportedly initiating another round of job cuts, affecting several employees. Notification emails indicated immediate terminations due to organisational changes.
- likes: 5
- replies: 1
- bookmarks: 2
- reposts: 1
BI
Business Insider@BusinessInsider 10 hrs ago
Oracle's severance package appears less generous than policies at its peer companies, recently viewed by BI. https://bit.ly/4xPUvHP
businessinsider.com
Here's the severance package Oracle offered laid-off US employees
Oracle's severance package appears less generous than policies at its peer companies, recently viewed by BI.
- likes: 9
- replies: 2
- bookmarks: 2
- reposts: 2
NE
NeowinFeed@NeowinFeed 8 hrs ago
Another wave of job cuts is hitting Oracle, raising fresh questions about the company's workforce plans and the cost of its ambitious expansion. #Oracle #Layoffs
neowin.net
"Today is your last working day": Oracle lays off more as it continues to spend big on AI
Another wave of job cuts is hitting Oracle, raising fresh questions about the company's workforce plans and the cost of its ambitious expansion.
- likes: 0
- replies: 0
- bookmarks: 0
- reposts: 0

Posts from X

7 posts

TN
TNW@thenextweb 2 days ago
Headcount fell 13% in a year. Oracle now has 141,000. It has raised the restructuring bill to $2.8B, and about 92,000 of those staff sit outside the US, where the clock is statutory.
thenextweb.com
Oracle has set aside $700M more for job cuts it has not made yet
Oracle raised its restructuring cost to $2.8bn for cuts it has not made yet. Two thirds of its staff are outside the US, where the clock is statutory.
- likes: 4
- replies: 1
- bookmarks: 1
- reposts: 2
BT
Business Today@business_today 2 days ago
#TechToday | Oracle layoffs: IT giant adds $700 million to restructuring tally amid expensive AI push https://ow.ly/13s0106EFCc
businesstoday.in
Oracle layoffs: IT giant adds $700 million to restructuring tally amid expensive AI push - BusinessToday
The ongoing layoffs follow a turbulent stretch for the company’s head count; workforce levels fell by roughly 21,000 employees over the year ending in May, leaving the enterprise software maker with about 141,000 global workers.
- likes: 7
- replies: 1
- bookmarks: 0
- reposts: 1
TN
TNW@thenextweb 12 hrs ago
On Friday, Oracle set aside $700M. Cuts began Monday. The restructuring reserve now stands near $2.8B, and the company has not said how many people this round covers.
thenextweb.com
Oracle told staff on Monday that Monday was their last working day
Oracle began fresh layoffs on Monday, two working days after disclosing a $700m addition to its restructuring reserve for cuts it had not yet made.
- likes: 9
- replies: 1
- bookmarks: 3
- reposts: 2
MI
Mint@livemint 11 hrs ago
‘Today is your last working day’: Oracle starts fresh layoffs as artificial intelligence spending rises
livemint.com
‘Today is your last working day’: Oracle starts fresh layoffs as artificial intelligence spending rises | Company Business News
Oracle is reportedly initiating another round of job cuts, affecting several employees. Notification emails indicated immediate terminations due to organisational changes.
- likes: 5
- replies: 1
- bookmarks: 2
- reposts: 1
BI
Business Insider@BusinessInsider 10 hrs ago
Oracle's severance package appears less generous than policies at its peer companies, recently viewed by BI. https://bit.ly/4xPUvHP
businessinsider.com
Here's the severance package Oracle offered laid-off US employees
Oracle's severance package appears less generous than policies at its peer companies, recently viewed by BI.
- likes: 9
- replies: 2
- bookmarks: 2
- reposts: 2
NE
NeowinFeed@NeowinFeed 8 hrs ago
Another wave of job cuts is hitting Oracle, raising fresh questions about the company's workforce plans and the cost of its ambitious expansion. #Oracle #Layoffs
neowin.net
"Today is your last working day": Oracle lays off more as it continues to spend big on AI
Another wave of job cuts is hitting Oracle, raising fresh questions about the company's workforce plans and the cost of its ambitious expansion.
- likes: 0
- replies: 0
- bookmarks: 0
- reposts: 0

Source Posts

@thenextwebHeadcount fell 13% in a year. Oracle now has 141,000. It has raised the restructuring bill to $2.8B, and about 92,000 of those staff sit outside the US, where the clock is statutory. https://thenextweb.com/news/oracle-layoffs-700m-eu-consultation @business_today#TechToday | Oracle layoffs: IT giant adds $700 million to restructuring tally amid expensive AI push https://ow.ly/13s0106EFCc @thenextwebOn Friday, Oracle set aside $700M. Cuts began Monday. The restructuring reserve now stands near $2.8B, and the company has not said how many people this round covers. https://thenextweb.com/news/oracle-told-staff-on-monday-that-monday-was-their-last-working-day @livemint‘Today is your last working day’: Oracle starts fresh layoffs as artificial intelligence spending rises https://www.livemint.com/companies/news/today-is-your-last-working-day-oracle-starts-fresh-layoffs-as-artificial-intelligence-spending-rises-11789406615012.html @BusinessInsiderOracle's severance package appears less generous than policies at its peer companies, recently viewed by BI. https://bit.ly/4xPUvHP @NeowinFeedAnother wave of job cuts is hitting Oracle, raising fresh questions about the company's workforce plans and the cost of its ambitious expansion. #Oracle #Layoffs https://www.neowin.net/news/today-is-your-last-working-day-oracle-lays-off-more-as-it-continues-to-spend-big-on-ai/

Today's Rank

—

Not ranked yet

Combined views

35K

7 posts, first seen 2d ago

34 likes6 comments8 saves9 reposts

Sentiment

Positive——Negative

Summary

Not enough discussion yet.

No sentiment analysis available yet.

Sentiment

Positive——Negative

Summary

Not enough discussion yet.

No sentiment analysis available yet.

Source Posts

@thenextwebHeadcount fell 13% in a year. Oracle now has 141,000. It has raised the restructuring bill to $2.8B, and about 92,000 of those staff sit outside the US, where the clock is statutory. https://thenextweb.com/news/oracle-layoffs-700m-eu-consultation @business_today#TechToday | Oracle layoffs: IT giant adds $700 million to restructuring tally amid expensive AI push https://ow.ly/13s0106EFCc @thenextwebOn Friday, Oracle set aside $700M. Cuts began Monday. The restructuring reserve now stands near $2.8B, and the company has not said how many people this round covers. https://thenextweb.com/news/oracle-told-staff-on-monday-that-monday-was-their-last-working-day @livemint‘Today is your last working day’: Oracle starts fresh layoffs as artificial intelligence spending rises https://www.livemint.com/companies/news/today-is-your-last-working-day-oracle-starts-fresh-layoffs-as-artificial-intelligence-spending-rises-11789406615012.html @BusinessInsiderOracle's severance package appears less generous than policies at its peer companies, recently viewed by BI. https://bit.ly/4xPUvHP @NeowinFeedAnother wave of job cuts is hitting Oracle, raising fresh questions about the company's workforce plans and the cost of its ambitious expansion. #Oracle #Layoffs https://www.neowin.net/news/today-is-your-last-working-day-oracle-lays-off-more-as-it-continues-to-spend-big-on-ai/

Posts from X

7 posts

TN
TNW@thenextweb 2 days ago
Headcount fell 13% in a year. Oracle now has 141,000. It has raised the restructuring bill to $2.8B, and about 92,000 of those staff sit outside the US, where the clock is statutory.
thenextweb.com
Oracle has set aside $700M more for job cuts it has not made yet
Oracle raised its restructuring cost to $2.8bn for cuts it has not made yet. Two thirds of its staff are outside the US, where the clock is statutory.
- likes: 4
- replies: 1
- bookmarks: 1
- reposts: 2
BT
Business Today@business_today 2 days ago
#TechToday | Oracle layoffs: IT giant adds $700 million to restructuring tally amid expensive AI push https://ow.ly/13s0106EFCc
businesstoday.in
Oracle layoffs: IT giant adds $700 million to restructuring tally amid expensive AI push - BusinessToday
The ongoing layoffs follow a turbulent stretch for the company’s head count; workforce levels fell by roughly 21,000 employees over the year ending in May, leaving the enterprise software maker with about 141,000 global workers.
- likes: 7
- replies: 1
- bookmarks: 0
- reposts: 1
TN
TNW@thenextweb 12 hrs ago
On Friday, Oracle set aside $700M. Cuts began Monday. The restructuring reserve now stands near $2.8B, and the company has not said how many people this round covers.
thenextweb.com
Oracle told staff on Monday that Monday was their last working day
Oracle began fresh layoffs on Monday, two working days after disclosing a $700m addition to its restructuring reserve for cuts it had not yet made.
- likes: 9
- replies: 1
- bookmarks: 3
- reposts: 2
MI
Mint@livemint 11 hrs ago
‘Today is your last working day’: Oracle starts fresh layoffs as artificial intelligence spending rises
livemint.com
‘Today is your last working day’: Oracle starts fresh layoffs as artificial intelligence spending rises | Company Business News
Oracle is reportedly initiating another round of job cuts, affecting several employees. Notification emails indicated immediate terminations due to organisational changes.
- likes: 5
- replies: 1
- bookmarks: 2
- reposts: 1
BI
Business Insider@BusinessInsider 10 hrs ago
Oracle's severance package appears less generous than policies at its peer companies, recently viewed by BI. https://bit.ly/4xPUvHP
businessinsider.com
Here's the severance package Oracle offered laid-off US employees
Oracle's severance package appears less generous than policies at its peer companies, recently viewed by BI.
- likes: 9
- replies: 2
- bookmarks: 2
- reposts: 2
NE
NeowinFeed@NeowinFeed 8 hrs ago
Another wave of job cuts is hitting Oracle, raising fresh questions about the company's workforce plans and the cost of its ambitious expansion. #Oracle #Layoffs
neowin.net
"Today is your last working day": Oracle lays off more as it continues to spend big on AI
Another wave of job cuts is hitting Oracle, raising fresh questions about the company's workforce plans and the cost of its ambitious expansion.
- likes: 0
- replies: 0
- bookmarks: 0
- reposts: 0

Sentiment

Positive——Negative

Summary

Not enough discussion yet.

No sentiment analysis available yet.

Today's Rank

—

Not ranked yet

Today's Rank

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