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DaybreakWire
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Topic

Layoffs

An open-plan office workspace with desks and laptops, representative of the corporate environments where performance improvement plans are increasingly used.

Why Performance Improvement Plans Became a Quiet Layoff Tool

Formal performance write-ups are up nearly 30% since 2020. Workplace experts say performance improvement plans increasingly chart a documented path to a layoff, not a rescue.

Business  · 14 Jul 2026, 04:13  · Priya Raman
Signage bearing the Oracle Corporation logo.

Oracle Cut 21,000 Jobs in a Year as It Funnels Cash Into AI

A securities filing shows Oracle’s headcount fell to 141,000 from 162,000 in a year. The company named its own AI as a factor while pouring billions into data centres.

Business  · 23 Jun 2026, 07:01  · Priya Raman