Oracle Swings the Layoff Axe

One anonymous poster on theLayoff.com, a site that hosts discussion boards for people affected by layoffs, appeared to offer real numbers, indicating that the total target is 10 percent of Oracle’s global head count, which in 2018 was around 137,000. Layoffs are nothing new for Oracle; in 2017 the company slashed nearly 1000 jobs in Silicon Valley, mostly from its SPARC and Solaris teams. Oracle’s layoff day started at 5 a.m. Pacific Time, when an email from Oracle executive vice president Don Johnson with the subject line “Organizational Restructuring” arrived in employee inboxes.

Source: spectrum.ieee.org