Tech giant Oracle makes 'significant' job cuts [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance
Michael Shepard, a senior manager, was not affected by the job cuts but wrote on LinkedIn "senior engineers, architects, operations leaders, program managers, and technical specialists" had been let go. Some 10,000 people are believed to have lost their jobs so far, one employee told the BBC, citing a drop in the number of staff active on Oracle's internal messaging system Slack. Oracle declined to comment. Shepard said the "significant reduction in force" was not based on employee performance. "The individuals affected were not let go because of anything they did or didn't do," he added. His was one of dozens of such posts describing the layoffs. Former Oracle employee Kendall Levin said on LinkedIn her role was "eliminated as part of the company's mass reduction in force". She added that she remains "a genuine believer" in where the firm is headed. Several others described receiving early morning emails informing them they were no longer employed and would receive o
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