Tech Layoffs and Rising Crypto Losses Mark Early March
Tech Layoffs and Rising Crypto Losses Mark Early March
March 2026 saw significant events in both the traditional tech sector and the cryptocurrency space. Oracle, a major multinational technology firm, reportedly laid off 30,000 employees, affecting a substantial portion of its global workforce. Concurrently, the crypto market experienced a surge in security breaches, with hackers draining a total of $52 million across 20 incidents, nearly doubling the financial losses recorded in February.
Oracle Layoffs Affect 30,000 Employees
American multinational technology firm Oracle reportedly laid off thousands of employees on Tuesday, sending termination emails at 6 a.m. The cuts represent roughly 18% of Oracle’s global workforce. They reportedly affected staff across Oracle Health, Sales, Cloud, Customer Success, and NetSuite divisions.
March Sees $52 Million Drained in Crypto Hacks
In the cryptocurrency sector, March 2026 recorded significant security incidents, with hackers successfully draining $52 million across 20 separate events. A notable exploit involved $25 million from Resolv Labs, indicating a rising trend in both digital and physical attacks within the industry. This total nearly doubled February’s crypto loss toll, highlighting ongoing security vulnerabilities.