… The cuts appear to be part of Oracle’s fiscal 2026 restructuring plan, first valued at up to $1.6 billion in September 2025 and later raised to $2.1 billion in March. Oracle recorded $415 million in restructuring expense in the same quarter Bloomberg reported layoffs in its cloud division. …
… The layoffs were carried out via email, according to copies of the message viewed by Business Insider . …
… As former Microsoft staffer Ned Pyle posted in July last year: "How many billions must be burned in the AI furnace before this stops?" Suleyman concluded today that the restructuring would "enable me to focus all my energy on our Superintelligence efforts," and that Microsoft has "an incredible opp… …
… The layoffs mean companies have lost one or more of their sales contacts. …
… And if we do this, then I think we'll get a lot more done and it's going to be a lot more fun.” Reuters reported recently that Meta plans to lay off 20 percent of its workforce – some 15,000 employees – but the layoffs that have reportedly begun this week are on a smaller scale thus far. …