Oracle become the latest big-name tech company to announce layoffs, with tens-of-thousands affected.
The cuts, which are not believed to be performance-based, impacted a variety of roles ranging from senior engineers to program managers and technical specialists.
Reports conflict as to the total number affected. BBC News suggests some 10,000 staff were laid off, while other outlets report the number is set to reach as high as 30,000 people.
An email sent to affected staff, published by Business Insider, informs them their role was eliminated “as part of a broader organizational change.” According to reports, the emails hit staff inboxes at 6 a.m., informing them that it would be their last day at the company.
Among those affected were staff at Oracle’s NetSuite cloud-based business management platform. Also impacted were staff on the hardware side and Oracle’s product security certification program.
Job cuts have been on the cards at Oracle for some time as the hyperscaler looks to free up cash to fund its AI infrastructure buildout.
The Larry Ellison-founded firm is the flagship cloud provider behind OpenAI’s Stargate project, with its Crusoe-developed Abilene campus the first to go live since the joint venture was announced last year. Plans to expand it have been shelved amid apparent financing challenges.
A TD Cowen report published in January suggested the firm would save between $8 billion and $10 billion should it cut 20,000 to 30,000 employees.
That report came not long after Oracle launched a sizable wave of cuts last autumn. Affected at that time were teams in India, Canada, and the U.S.
Oracle joins a sadly growing list of firms to have slashed staff numbers this year, with T-Mobile U.S., Palo Alto Networks, and Verizon all instigating layoffs.
More in The Cloud & Storage Channel
-
-
-
Episode Is data AI’s biggest bottleneck?
Comments