Oracle has begun a second round of layoffs in Romania, notifying around 500 to 520 employees on June 25 with emails headed “collective dismissal-you are a proposed impacted employee.” The cuts span OCI, Database Technologies, Oracle Health and several other units, and were reportedly planned months ago. They form part of Oracle’s global drive to shed payroll and fund its debt-heavy AI data centre push. Oracle has begun a second round of layoffs in Romania, notifying around 500 to 520 employees on June 25 with emails headed “collective dismissal-you are a proposed impacted employee.” The cuts span OCI, Database Technologies, Oracle Health and several other units, and were reportedly planned months ago. They form part of Oracle’s global drive to shed payroll and fund its debt-heavy AI data centre push.
Trending
- South Korea scrambles fighter jets as Chinese, Russian warplanes enter air defence zone
- ‘Welcome to the Jungle’ box office Day 2 [LIVE]: Akshay starrer is eyeing Rs 40 crore worldwide
- AMCA engine talks hit roadblock, US company raises cost threefold
- ‘India deserves permanent UNSC seat’: Seychelles backs New Delhi’s bid ahead of PM Modi’s visit
- Who was K. Bhagyaraj? ; Filmmaker – actor who directed over 25 films
- Russia-Ukraine war: When drones get too close, these bullets become soldier’s final shield
- Foreign-made pistols among 32 weapons missing from Haryana police armoury; ASI suspended, probe launched
- Why the US is delivering F-35s without radars: Inside the AN/APG-85 radar