Oracle recently discussed a $1 billion cost-cutting initiative that would include thousands of layoffs.

The Information reports that the job cuts would disproportionately impact US- and Europe-based workers.

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– Wikipedia / US DoD

Citing Oracle executives with knowledge of the matter, the publication notes that employees on the chopping block include those working in marketing for software applications that automate customer service and ecommerce functions.

The proposed cuts, which were discussed to begin as soon as August, come as the company ramps up spending elsewhere.

The company is investing in its cloud service to serve TikTok, which it gained as a customer after then-President Trump tried to ban the Chinese social media platform, causing it to shift to a cloud provider run by a Trump donor.

In addition, Oracle last month closed on its largest-ever acquisition, the $28.3 billion purchase of healthcare IT company Cerner.

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