Oracle Reportedly Lays Off Cloud Employees
Wade Tyler Millward
As many as 200 employees were cut from OCI this week, according to Business Insider.
Oracle has reportedly laid off as many as 200 employees in its cloud unit.
The cuts occurred this week and affected Oracle Cloud Infrastructure (OCI), according to Business Insider. A week ago, an unknown number of employees were cut from Oracle’s North America cloud and technology unit.
The affected roles include ones working on OCI object storage, operations and support and engineering architecture, according to Business Insider.
Is Oracle having a layoff?
CRN has reached out to Oracle for comment.
Oracle has a total of about 170,000 employees worldwide, according to the company.
On LinkedIn, at least three employees said they were laid off by Oracle in October. The employees each worked at Oracle for about a year. One employee held the title of business development consultant. One held the title of cloud solution engineer. Another held the title of program manager for Oracle for Startups. The employees are located in Florida, Israel and Texas.
Last month, documents filed with the state of California revealed that Oracle cut 201 jobs from its Redwood City, Calif., location. It is unclear if there is overlap among the employees laid off in California and from the OCI and North America cloud and technology units.
The news comes months after Oracle completed its acquisition of health care systems vendor Cerner. Oracle’s plans to dominate electronic health care systems with its new subsidiary was a major part of Oracle co-founder and Chief Technology Officer Larry Ellison’s keynote address at Oracle CloudWorld 2022.
Meanwhile, multiple media outlets have reported that Oracle will close some Kansas City locations of Cerner, including its world headquarters. The closures will not result in layoffs, according to reports. The existing Kansas City employee base will move to Oracle’s Innovations campus.
Oracle’s stock traded at about $75 Wednesday in after-hours trading, down about 2 percent from its opening price.
Oracle reported its most recent quarterly earnings in September, avoiding the heightened cloud budget concerns voiced by cloud vendor giants Amazon Web Services, Microsoft and Google Cloud in their October earnings reports.