Oracle lays off employees via email, Business Insider reports

Oracle (ORCL) began laying off staff on Tuesday, impacting employees across various regions, as the company looks to cut costs, Business Insiders’ Hugh Langley and Ashley Stewart report, citing copies of the notification email to employees. “After careful consideration of Oracle’s current business needs, we have made the decision to eliminate your role as part of a broader organizational change,” the email said. “As a result, today is your last working day…After signing your termination paperwork, you will be eligible to receive a severance package subject to the terms and conditions of the severance plan. You will receive an email from DocuSign to your Oracle email address with details on your severance and termination date.”