“Oracle fired hundreds of employees last week for restructuring.

“Oracle fired hundreds of employees last week for restructuring.

Oracle appears to have dismissed hundreds of its engineers. The company is currently engaged in a global restructuring to focus more on its cloud infrastructure operations. Today, the company confirms that it is in the process of making a round of redundancies.

IEE Spectrum reported on Friday that the total number of staff who would be dismissed by Oracle could potentially reach thousands. Ten percent of the employees will have to look for a new job in the near future. At the same time, there are also lower estimates, which show that no more than 500 jobs will be lost. However, there are no formal announcements, so it is also difficult to estimate how many people will actually be killed.

Many redundancies

During an interview with the site Business Insider, spokesman Deborah Hellinger confirmed that Oracle is firing people. The idea is mainly to focus more on the cloud business of the company. As our cloud business grows, we need to continuously balance resources and restructure our developer group so that the right people can make the best cloud products for our customers worldwide.

Dozens of Oracle employees who were dismissed reported that on the discussion site TheLayoff. There they said that people are being laid off worldwide, including people working on older cloud projects. For example, someone said that 43 people on the Oracle Management Cloud team had been dismissed. Another anonymous employee said that 32 employees were dismissed from the Oracle Cloud Infrastructure team. There are many more of these stories to be found on the site.

Looks like the layoffs weren’t used very well. Oracle is said to have informed some people on Friday morning and to have given them no more than 30 minutes to clean up their desks and leave the building. The same morning, an email was sent to staff saying that the company’s cloud business was going great and that they were being fired to be able to invest more in it.

This news article was automatically translated from Dutch to give Techzine.eu a head start. All news articles after September 1, 2019 are written in native English and NOT translated. All our background stories are written in native English as well. For more information read our launch article.