In TrendsCrude Oil PricesGanesh Chaturthi 2026NSE IPOBRICS SummitOracle begins another round of layoffs amid AI push: 'Today is your last working day'The latest layoffs come after Oracle's workforce fell by 13% last fiscal year, as the software giant continues to pour billions into AI infrastructure and data centres.By CNBCTV18.com September 15, 2026, 11:39:04 AM IST (Published)Oracle has begun another round of job cuts as the company continues to invest heavily in artificial intelligence infrastructure. Three people affected by the latest layoffs, along with an email reviewed by Business Insider, confirmed that the cuts had started.The latest round was expected to begin on Monday, according to a person familiar with the plans.Employees told their roles were eliminatedIn the termination email, Oracle told affected employees that their positions were being eliminated as part of a broader organisational restructuring."After careful consideration of Oracle's current business needs, we have made the decision to eliminate your role as part of a broader organisational change. As a result, today is your last working day," according to copies of layoff notification email.Employees were offered severance packages consisting of four weeks of base salary, along with an additional week for each year of service, as per the documents…
Original source: https://www.cnbctv18.com/technology/
