The Snapchat owner is laying off around 16% of staff and withdrawn hundreds of open job roles.
MP Linsey Farnsworth has told the BBC she understood 80 redundancies had been made at the firm.
It is thought that thousands of people may have lost their jobs at Oracle, one of the world's largest tech companies.
More tech leaders are pointing to job cuts caused by AI tools - and a need for more investment cash.
Staff at the island's only end-of-life care provider have been offered voluntary redundancy amid financial concerns.
Initio Learning Trust is consulting with staff at two of its schools over cuts to teaching staff.
Queen Elizabeth and Corfe Hills schools are affected by the restructuring of Initio Learning Trust.
A worker says the boss opened a bar tab for them after they were told their jobs were at risk.
The social media platform recently announced that it was axing around 15% of its workforce.
