Tech giant Oracle makes ‘significant’ job cuts

Tech giant Oracle made “significant” job cuts on Tuesday, according to senior employees posting online, as it makes big investments in artificial intelligence (AI).

Michael Shepherd, a senior manager, was not affected by the job cuts but wrote on LinkedIn on Tuesday “senior engineers, architects, operations leaders, program managers, and technical specialists” had been let go.

He said the cuts were not performance based. Oracle declined to comment.

Oracle has been using AI tools internally and executives have previously said it enables fewer employees to do more work.

Some 10,000 people are believed to have lost their jobs so far, one employee told the BBC on Tuesday, citing a drop in the number of staff active on Oracle’s internal messaging system Slack.

Shepherd wrote that 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.