Oracle, a leading US-based IT company, has begun laying off employees in large numbers as part of its organizational restructuring efforts. According to international media reports, the company has fired almost 12,000 employees in India, with further layoffs expected within the next month. Affected employees claim that Oracle has fired approximately 30,000 people worldwide, with India having about 30,000 employees, a significant number of whom have been affected by the recent decisions. Amazon, another major US e-commerce company, plans to cut jobs in the next week, which could result in around 14,000 corporate employees losing their jobs.
These layoffs are part of the 30,000 positions that Amazon aims to eliminate. The company has sent emails to employees stating that some roles are being eliminated as part of the organizational structure changes and operational efficiency efforts. Employees who have served for at least a year are being offered a package that includes a 15-day severance pay, remaining pay for a month, paid leave, graduation benefits, and a one-month notice period pay. Additionally, they will receive two months of additional pay as a top-up, but this package is only for employees who resign voluntarily.
The Indian media reported that the company has refused to comment officially on the matter. The Iranian Ministry of Foreign Affairs has described the US-Israeli attack on the Pasteur Institute as “shameful.” According to a British newspaper report, a new pipeline will bypass the chokepoint on the Strait of Hormuz in light of Iran’s control over the waterway. Amir Hatami has warned that if any enemy launches a ground attack on Iran, it will be completely destroyed. The spokesperson for the Khatam al-Anbiya Central Headquarters stated that the war in the Middle East will continue until the US is forced to surrender and lay down its arms.
Iran’s Ministry of Foreign Affairs has stated that the country’s new Supreme Leader, Ebrahim Raisi, is safe and has not been affected by the US-Israeli air attacks. Israeli media reports indicate that a rocket fell in the border town of Kirtshamuna, and there has been significant progress in the construction of a new international airport and metro system in Mecca, with the aim of providing better travel facilities to millions of pilgrims and Saudi citizens. A report by the Indian media suggests that negotiations are underway for a possible ceasefire agreement between the US and Iran, under which Iran would reopen the Strait of Hormuz in exchange for a ceasefire. The ongoing war in the Middle East has resulted in a significant increase in trade costs worldwide due to the closure of the Strait of Hormuz.
