Oracle begins job cuts in the United States

Oracle Corp has begun laying off employees in the United States, The Information said on Monday, citing a person with direct knowledge of the matter.

The July publication reported that Oracle was considering cutting thousands of jobs from its global workforce after targeting cost reductions of up to $1 billion.

The company had about 143,000 full-time employees as of May 31, according to its latest annual report.

The layoffs at Oracle will affect employees at its offices in the San Francisco Bay Area, according to Monday’s report, but it did not mention the number of employees affected.

Oracle did not immediately respond to a request for comment from Reuters.

The report also says layoffs in Canada, India and parts of Europe are expected in the coming weeks and months.

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Tech giants Microsoft Corp, Alphabet Inc and Apple Inc have also discussed cutting or slowing hiring plans in response to rising costs and fears of a recession.

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