Oracle to Reportedly Lay Off Thousands of Employees

/in /tarafından

The job cuts are part of a “reduction in force and other terminations,” Oracle said, adding that its Seattle sites will remain open. The company had about 162,000 full-time employees globally as of May 2025.

The WARN Act requires employers to provide at least 60 days’ notice ahead of layoffs.

Oracle declined to comment on the CNBC report, although several social media users on Reddit, X and anonymous workplace network Blind, shared details of the potential cuts, fuelling uncertainty and confusion among employees.

In a March filing, Oracle said it expects total costs tied to its fiscal 2026 restructuring plan to reach up to $2.1 billion (roughly Rs.19,556 crore), largely driven by employee severance and related expenses.

Shares in the company climbed more than 5 percent in afternoon trade, but remained down about 29 percent this year so far.

Meanwhile, more than 70 tech companies have cut around 40,480 jobs so far this year, per Layoffs.fyi, as companies increasingly reallocate resources toward AI, heightening fears of AI-driven disruptions among workers.

X Restored After Brief Outage in US

/in /tarafından

Elon Musk’s social media platform X experienced a brief outage affecting thousands of users in the United States before services were restored.

At the peak of the disruption, more than 34,000 users reported issues, according to outage-tracking platform Downdetector. The number of reports later dropped significantly as the platform recovered.

Downdetector compiles user-submitted reports to estimate service disruptions, meaning the actual number of affected users may vary.

X did not immediately comment on the cause of the outage.

Hacker Claims Breach of Police Tip Data

/in /tarafından

A hacker has claimed to have accessed and stolen more than 8 million confidential law enforcement tips from a U.S.-based platform.

The attacker said they infiltrated P3 Global Intel, a service used by police, federal agencies and schools to collect anonymous tips, and extracted around 93 gigabytes of data. The breach was reportedly achieved through social engineering and a system vulnerability.

The claims have not been fully verified, though some reports suggest portions of the data may be authentic. Neither the company nor the FBI has provided an immediate response.

If confirmed, the breach could raise serious concerns about the security of sensitive reporting systems used by authorities, as well as the privacy of individuals who submit confidential information.