Oracle Layoffs: Fresh Allegations Suggest Hybrid Workers Were Reclassified Before Job Cuts; Final Phase of Restructuring Affects Thousands
3 days ago
Oracle is facing unverified claims that it reclassified hybrid staff as remote workers before recent layoffs. This coincides with the final phase of a global restructuring affecting 30,000 employees. Despite these cuts, Oracle reported strong financial growth, with a 22% revenue increase, and plans to invest USD 50 billion in AI and cloud infrastructure.
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