Jakarta –
The United States technology company Oracle Corporation has terminated the employment relationship aka layoffs en masse to its employees in Uncle Sam’s country. Operational cost savings are the main reason for layoffs. This further reinforces the reality of the current recession in the US.
This news came from a report by The Information, which was quoted from Reuters, Tuesday (2/8/2022). The report states that the company owned by Larry Ellison is considering laying off its global workforce to save up to US$ 1 billion in operational costs or around Rp 14.8 trillion (exchange rate of Rp 14,800).
Currently, the company has around 143,000 full-time employees as of May 31. It is not clear how many employees will be affected layoffs.
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What is clear, this layoff at Oracle is said to affect employees at the San Francisco Bay Area headquarters.
The report also said layoffs will be conducted in Canada, India and parts of Europe. This wave of layoffs at Oracle is expected in the coming weeks and months.
Other tech giants such as Microsoft Corp, Alphabet Inc and Apple Inc have also discussed a slowdown in hiring plans. This was done in response to rising operating costs and fears of a recession.
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