Oracle staff share news of sizable layoffs
CX and marketing teams seem to have borne the brunt of it
Oracle employees have taken to social media to reveal many have been laid off by the database and applications giant.
Rumors swirled in early July that workforce reductions were looming – particularly for those working on customer service and e-commerce applications, in the US and Europe.
Across LinkedIn, Twitter, Thelayoff.com and other sites, Oracle staff report the cuts have started.
After scanning social media, The Reg found most reports of job losses came in the fields of CX presales engineers – which was said to range between seven and ten layoffs per team – and marketing.
One person reported all of the CX Commerce team was gone:
View this post on TheLayoff.com
However, the layoffs appear to be across a wide range of roles – from analyst relations to talent acquisition, to CRM to developers. Soon-to-be-former employees report some teams were dropped entirely, with others trimmed.
Affected employees spanned the gamut from recent hires to workers with over 20 years of service. Even some recently hired workers had verbal offers rescinded, with Oracle citing "current economic conditions and internal reorg."
"Hearing overall layoff numbers are pushing 10,000. That would roughly make sense if they want to save $1 billion overall," wrote one user on Thelayoff.
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LinkedIn itself even curated a news story full of Oracle good-byes and announcements of people being open for work.
Meanwhile, individuals at both Dell and Microsoft took the opportunity to let Oracle staff known they have open positions to fill. AWS HR reps took to LinkedIn to let Big Red staff known the cloud colossus is hiring. Recruiters offered advice on the professional social network about regrouping and leaning in to networks.
In June, Oracle, which employs about 140,000 people globally, reported five percent growth in fiscal 2022 revenue to $42.44 billion, which was tapered by a 28 percent decline in operating income. Although there was talk of cutting costs at the time, the IT giant counterintuitively spent $28.3 billion to acquire electronic health records specialist Cerner and its 28,000 employees.
The Reg has asked Oracle for comment and will update this story if we receive a substantive response. ®