Shulou(Shulou.com)11/24 Report--

Sina Science and Technology News Beijing time on October 25 morning news, it is reported that Oracle is quietly starting a new round of layoffs, hoping to further reduce the company's costs.

Although the scale and scope of the layoffs are unclear, internal emails show that some employees in the database giant's North American cloud infrastructure and technology division (NACT) received layoffs earlier on Monday. Posts claiming to have been laid off by Oracle can also be seen on anonymous online forums TheLayoff.com and professional social networking site LinkedIn.

According to available news, some employees affected by the layoffs will now be able to find new positions within Oracle by Monday, October 31. But at least one employee who has just been laid off said he had received notice that his employment relationship with Oracle would be terminated next Monday.

Oracle has yet to comment.

There have been recent reports that morale among Oracle employees has been particularly low since August. This is because the company had quietly carried out a round of layoffs, which may have affected thousands of employees around the world.

Oracle's NACT division, headed by Oracle Executive Vice President Mark Hula (Mark Hura), has acquired many of the tech giant's cloud computing projects, including cloud databases and applications. It is worth noting that NACT and Oracle Cloud Infrastructure (OCI) led by Oracle Executive Vice President Clay Magelke (Clay Magouyrk) are two different divisions, while OCI is a strategic division built to target market leader Amazon AWS. It is not clear whether OCI will also lay off staff.

In addition to layoffs, Oracle introduced new hiring restrictions in September, causing panic within the company, with many worried that large-scale layoffs could come at any time. Under the new hiring restrictions, Oracle will focus on hiring outside high-cost technology centers such as San Francisco or Seattle. Oracle has been trying to control costs because it recently bought Cerner, a case database company, for $28.3 billion.

In its recent filing with the Securities and Exchange Commission (SEC), Oracle expects to incur a restructuring fee of $519 million in the fiscal year that ends in August 2023. The document also disclosed that the cost was "mainly related to employee severance pay".

"they just invested too much money in Cerner, so they have to tighten their belts to recoup the cost," said an Oracle recruiter. "

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