Oracle lays off thousands in latest sign of tough times for tech industry [Los Angeles Times (CA)]
Warner Bros. Discovery, Inc. - Series A (WBD)
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Source: Los Angeles Times
On LinkedIn, Oracle employees, including software engineers, account executives and program managers, shared publicly that they were affected by a mass layoff at the company and were looking for new jobs. Oracle was founded in California, but moved its headquarters to Austin, Texas, in 2020. The company, which sells software and other services to help businesses manage and store data, hasn't said publicly how many jobs were cut. CNBC , citing people familiar with the matter, reported that Oracle was slashing thousands of workers. As of May 2025, Oracle had 162,000 workers. Oracle has offices throughout the world, including in California in Irvine, Santa Monica, Redwood City and Santa Clara. It's unclear if the mass layoff also affected workers in California. Oracle declined to comment. The company is the latest tech firm to shed workers as it focuses more heavily on AI. Meta, Block, Amazon, Salesforce and other tech giants have continued to lay off their workers even as they
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