The Information reported on Monday that Oracle Corp. has begun to lay off workers in the United States, citing a source with firsthand knowledge of the situation. The outlet revealed in July that Oracle was considering laying off thousands of employees throughout the globe after aiming to save up to $1 billion in costs.
According to the company’s most recent annual report, as of May 31, there were around 143,000 full-time employees. The Oracle layoffs will affect workers at its San Francisco Bay Area locations, according to a report released on Monday, but it did not specify how many workers would be impacted.
According to the article, layoffs are also anticipated in the upcoming weeks and months in Canada, India, and other regions of Europe. In reaction to rising expenses and concerns about a recession, technology behemoths Microsoft Corp, Alphabet Inc, and Apple Inc have reportedly contemplated cuts to or a halt in recruiting plans.