Oracle has started staff layoffs at the company's San Francisco Bay Area headquarters.
The company planned thousands of job cuts for its global workforce
Also expected that lay-offs will affect employees in Canada, India, and Europe in the future.
The cuts come as Oracle invests to serve TikTok, which is a key contract for the company.
Oracle shares gone down over 12% in 2022, after 0.9% fall so far during Monday's session.
Google said that it was not looking at lay-offs right now, but warn that if things get worse, then jobs could be on the line.
Facebook said it expects its headcount to grow substantially over the next few quarters but then start to decline.