Oracle started laying off U.S. employees,  Is other companies will follow?

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Oracle has started staff layoffs at the company's San Francisco Bay Area headquarters.

Report from -The Information

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The company planned thousands of job cuts for its global workforce

Global staff layoffs

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Also expected that lay-offs will affect employees in Canada, India, and Europe in the future.

Cutting $1 billion in expenses

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The cuts come as Oracle invests to serve TikTok, which is a key contract for the company.

Oracle invests to serve TikTok

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Oracle shares gone down over 12% in 2022, after 0.9% fall so far during Monday's session.

Oracle shares gone down

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Oracle is one of the first big tech firms to start sacking people

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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.

Google said

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Facebook said it expects its headcount to grow substantially over the next few quarters but then start to decline.

Company Meta

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