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first_img Oracle's American cloud infrastructure division laid off 546 people

According to Business Insider, Oracle launched its second round of layoffs this year last week. A leaked document shows that 546 employees from its U.S. cloud infrastructure organization were laid off, accounting for about 7.6% of the listed 7,185 employees. The most affected positions include managers, engineers, software developers, and employees in the data center maintenance and service departments. The document states that the information was provided to comply with federal age discrimination laws. Oracle did not disclose the total number of layoffs last week and did not respond to requests for comment.Oracle previously revealed that it expects to reduce its workforce by 21,000 employees, a decrease of 13%, by May 31, 2026, with the total number of employees before the recent layoffs being 141,000. The cloud infrastructure department's revenue grew by 121% year-over-year in the most recent quarter. The document indicates that 57 software developer III positions were cut, with software development-related positions accounting for about 17% of the layoffs; the data center support services department laid off 41 people, including the department's vice president and two senior directors.A total of 128 positions containing the word "manager" were eliminated, accounting for about 23% of the layoffs, with project managers totaling 61 people. Most affected employees are over 40 years old, with about 16% being 60 years or older. Oracle is increasing its investment in AI data centers, expecting related expenditures to be between $90 billion and $95 billion this year.

Hunan Public Security in China cracks down on virtual currency pig-butchering scams: 2 suspects have been criminally detained according to the law

According to a report from the Public Security Bureau of Linwu County, Hunan Province, on August 19, 2026, the Public Security Bureau of Linwu County, Chenzhou City, Hunan Province discovered fraud clues during routine inspections and successfully cracked a virtual currency investment fraud case, arresting two criminal suspects.Upon investigation, on May 1, 2026, the suspect Li met the victim, Ms. Yue, through private messages on a social platform, falsely claiming to teach virtual currency investment skills with guaranteed profits. He induced her to download a certain app to purchase Tether (USDT) and then exchange it for a newly issued virtual currency manipulated by his "superior." Li, in collusion with his "superior," created the illusion of rising prices to lure the victim into increasing her investment; once the funds were in place, they quickly crashed the market, causing the virtual currency's value to drop to zero. Ms. Yue lost approximately 30,000 yuan, while Li illegally profited tens of thousands of yuan, which was collected by his friend Lei and squandered.On August 19, the investigating police arrested Li; on September 17, Lei, who was suspected of collecting the stolen funds, was also apprehended. Both have been criminally detained according to the law. The police remind: virtual currency is not legal tender, and there are no "guaranteed profit" projects. Recommendations for high returns made through private messages online are all fraud traps. Do not easily trust investment recommendations from strangers or transfer money to unfamiliar platforms.
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