U.S. database giant Oracle Corp. is downsizing its China-based research and development team with hundreds of job cuts as the company seeks to reposition its business and expand further into cloud computing.
Oracle announced a restructuring plan focusing on its China R&D operation on a company conference call Tuesday. The plan will involve job cuts in Beijing, Shenzhen, and other locations, several company sources told financial news outlet Caixin.
Oracle didnt disclose how many people will be affected by the layoffs in China, but media reports said it could dismiss more than 900 employees in the country. One employee told Caixin that job cuts in Beijing alone will total about 500, although the com…
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