Seattle workers ousted as Oracle lays off hundreds of engineers
Oracle Corp. has spent months quietly cutting jobs across the U.S., with some employees worrying that as much as 10 percent of the company’s 138,000 employees could be out of a job, Business Insider reports, citing unnamed sources.
In March, Oracle filed paperwork with the state of California saying it planned to cut 255 people at its headquarters in Redwood City and 95 people in San Jose.
But the company also reportedly cut hundreds of jobs in Seattle, and this month, cut about 900 jobs from a research and development center in China.
The job cuts in Silicon Valley and Seattle came amid infighting between two competing cloud computing groups inside the company, Business Insider reports.
Several hundred engineers were also cut from Oracle’s next-generation cloud team in Seattle, Business Insider reports, suggesting that the company could be rethinking its overall cloud strategy. In Washington state, corporations are only required to report mass layoffs when they affect 500 people or more. The threshold is 10 times lower in California.
https://www.bizjournals.com/seattle/news/2019/05/28/report-seattle-workers-ousted-as-oracle-lays-off.html?ana=e_n_set1&mkt_tok=eyJpIjoiWVRJMFlqTXpZVGxsWmpCaSIsInQiOiJFcWRidWNZdCt3TElnc2pnMDlNVFhXbzAzbVBTaW16dzZ5bXplS2FJWUpTQlRQYkFNTHc2eDQyWit3RU5RcTV4M1wvaDE5aFlSR1llZFhSSTE4RkEwdFowZXhjV0tOY3A1czhlbFBJNVBcL3J2blJmcGRlRXI3YUJQRDNuMlNhOGR2In0%3D
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