The HRTech Wire
Tech layoffs were just the start: 1.6 million more US job cuts could push America toward recession
Google has started offering voluntary exit packages, joining Microsoft, Oracle and Meta in workforce reductions or buyouts. Microsoft reportedly offered buyouts to 60,000 employees, and Oracle has cut 21,000 positions, about 13% of its workforce. Canva is cutting 22% of staff (just over 1,200 people), Squarespace about 300 jobs, and Dropbox around 200. A 24/7 Wall St. analysis warns that spread into retail and financial services could add 1.6 million US job losses.
Read the original at The Economic TimesVerified vendor profiles for the companies named above.
Oracle Corporation (Oracle) is an enterprise software company. The Company develops, manufactures, markets, distributes and services database and middleware software, as well as applications software that help its customers manage its businesses. Oracle is org
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