US tech major Oracle said to begin mass lay-offs in China as part of global move to cloud services

US tech major Oracle has kicked off mass lay-offs in China that could involve hundreds of employees as part of a global headcount reduction program, according to a local media report citing people familiar with the situation.The Silicon Valley-based company said it would cut jobs at its China research and development center in an internal meeting on Tuesday, with an estimated 500 jobs in Beijing expected to go first, according to the report from mainland business newspaper 21st Century Business… Source link

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