Oracle Layoffs
November 2022
Oracle announced a layoff affecting 200 employees in November 2022. The company operates in the Other sector.
200
Nov 1, 2022
About
Oracle, a major enterprise software and cloud computing company, laid off as many as 200 employees within its crucial Oracle Cloud Infrastructure (OCI) unit on Tuesday, November 1, 2022. This move is significant because the cloud unit had previously been largely protected from the company's broader cost-cutting efforts throughout the year. While the layoffs represent a small percentage of OCI's approximately 10,000 employees, they signal a shift, impacting teams across OCI including Object Storage, operations, and engineering. This follows earlier layoffs in another cloud unit and reflects ongoing restructuring amid low morale following wider job cuts earlier in the year.
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