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Oracle reportedly lays off 200 Cloud employees
https://www.whatjobs.com/news/usa/us-employment-news/oracle-reportedly-lays-off-200-cloud-employees
By Nagasunder in US Employment News, posted November 4, 2022
200 employees may have been let go by Oracle from its cloud division.
The Oracle Cloud Infrastructure (OCI) was impacted by the cuts this week and follows unknown numbers of workers being let go from the company's North American cloud and technology division a week ago.
Oracle has a total of about 170,000 employees worldwide, according to the company.
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The affected roles include those working on OCI object storage, operations and support, and engineering architecture.
At least three employees claimed to have been let go by Oracle in October on LinkedIn.
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Each employee spent about a year working for the company.
The position of business development consultant was held by one employee.
One of them was an engineer for cloud solutions. The position of program manager for Oracle for Startups belonged to another. Texas, Israel, and Florida are the locations of the employees.
Oracle cut 201 jobs from its Redwood City, California, location, according to documents submitted to the state of California last month.
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It's not clear if the individuals laid off in California, from the OCI, and the North American cloud and technology units overlap.
The announcement follows Oracle's successful completion of its acquisition of Cerner, a provider of healthcare systems.
Meanwhile, numerous media outlets have reported that Oracle will shut down some Cerner locations in Kansas City, including the company's global headquarters.
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According to reports, there won't be any layoffs as a result of the closures. The current workforce in Kansas City will relocate to Oracle's Innovations campus.
In after-hours trading on Wednesday, Oracle's stock was trading at about $75, down about 2 percent from its opening price.
Oracle avoided the increased cloud budget concerns raised in their October earnings reports by industry heavyweights Amazon Web Services, Microsoft, and Google Cloud by releasing its most recent quarterly earnings in September.
Source: CRN
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