News: 1659420070

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Oracle staff share news of sizable layoffs

(2022/08/02)


Oracle employees have taken to social media to reveal many have been laid off by the database and applications giant.

Rumors [1]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 [2]LinkedIn , Twitter, [3]Thelayoff.com and other sites, Oracle staff report the cuts have started.

[4]

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.

[5]

[6]

One person reported all of the CX Commerce team was gone.

[7]Post from 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 Even some recently hired workers had verbal offers rescinded, with Oracle [8]citing "current economic conditions and internal reorg."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," [9]wrote one user on Thelayoff.

[10]Oracle closes $28.3b Cerner buy amid warnings of commercial challenges

[11]Oracle seeks $1b savings, staff prepare for layoffs

[12]Oracle plans US database for electronic health records

[13]Florida man accused of selling fake, broken Cisco devices from China to hospitals, schools, military

LinkedIn itself even [14]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 [15]LinkedIn to let Big Red staff known the cloud colossus is hiring. Recruiters [16]offered advice on the professional social network about regrouping and leaning in to networks.

[17]

In June, Oracle, which employs about 140,000 people globally, [18]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 [19]Cerner and its 28,000 employees.

The Reg has asked Oracle for comment and will update this story if we receive a substantive response. ®

Get our [20]Tech Resources



[1] https://www.theregister.com/2022/07/11/oracle_cuts/

[2] https://www.linkedin.com/search/results/content/?keywords=oraclelayoffs&sid=rJ%40&update=urn%3Ali%3Afs_updateV2%3A(urn%3Ali%3Aactivity%3A6959942561633382400%2CBLENDED_SEARCH_FEED%2CEMPTY%2CDEFAULT%2Cfalse

[3] https://www.thelayoff.com/t/1i0C4NsZ

[4] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=2&c=2Yuj13Bwovgk2@iAY8@DX3wAAAJA&t=ct%3Dns%26unitnum%3D2%26raptor%3Dcondor%26pos%3Dtop%26test%3D0

[5] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44Yuj13Bwovgk2@iAY8@DX3wAAAJA&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0

[6] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=3&c=33Yuj13Bwovgk2@iAY8@DX3wAAAJA&t=ct%3Dns%26unitnum%3D3%26raptor%3Deagle%26pos%3Dmid%26test%3D0

[7] https://www.thelayoff.com/p/@alz+1i0C4NsZ

[8] https://www.thelayoff.com/post/@xom+1i0C4NsZ

[9] https://www.thelayoff.com/post/@1ajd+1i0C4NsZ

[10] https://www.theregister.com/2022/06/08/oracle_closes_283bn_cerner_deal/

[11] https://www.theregister.com/2022/07/11/oracle_cuts/

[12] https://www.theregister.com/2022/06/10/oracle_us_health_database/

[13] https://www.theregister.com/2022/07/08/cisco_china_import_charges/

[14] https://www.linkedin.com/news/story/oracle-begins-layoffs-in-us-5933642/

[15] https://www.linkedin.com/posts/activity-6960023757537103873-MxQl?utm_source=linkedin_share&utm_medium=member_desktop_web

[16] https://www.linkedin.com/posts/meghann-morrow-b765b9123_oraclelayoffs-oracle-layoffs-activity-6959967616283148288-sSdP?utm_source=linkedin_share&utm_medium=member_desktop_web

[17] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44Yuj13Bwovgk2@iAY8@DX3wAAAJA&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0

[18] https://www.theregister.com/2022/06/14/oracle_q4_2022/

[19] https://www.theregister.com/2022/06/08/oracle_closes_283bn_cerner_deal/

[20] https://whitepapers.theregister.com/



Larry must want a bigger yacht

Steve Davies 3

I hear that there are plenty going cheap that were once owned by Russian Oligarchs...

Or perhaps he really does want to buy a country and become the emperor with the bald head?

Oracle is "trimming"

Pascal Monett

So, on the one hand, Oracle ups its licenses due to "economic concerns", and on the other it sheds $1 billion of empoyees.

Looks like management bonus is going to be insane this quarter.

Can we have a "big, fat dollar" icon ?

Doctor Syntax

I don't suppose the licence audit teams are going to be cut.

Ever feel like you're the head pin on life's bowling alley, and everyone's
rolling strikes?