This week Oracle announced the planned elimination of thousands of jobs, in yet another major layoff announcement from the tech industry. Some reports estimate that around 20,000 – 30,000 positions will be affected, although a final number has not been confirmed. Yet despite the reports of layoffs, the company also posted strong earnings this week, sending its stock soaring — a sign that Oracle isn’t in decline, but reallocating resources as it invests in more data centers.
Operating leaner teams has become something of a trend. Across…
