What this means for you

Expect heightened competition and potentially longer hiring timelines, as more candidates enter the market and companies become more cautious. Thoroughly research potential employers for financial stability and ethical layoff practices, and diversify your applications. Oracle has joined the layoff spree, as per reports, the company has cut down 7000-1000 jobs in the latest erasure. The latest cuts began on September 14 and are said to have affected several teams, including OCI security, enterprise engineering, Fusion, NetSuite sales, Oracle Health and HR Technology. Some departments reportedly saw workforce reductions of more than 10%.