Oracle Corp. has reportedly axed hundreds of its engineering staff worldwide amid an organizational restructuring thats meant to help the company refocus on its cloud infrastructure operations.
IEE Spectrum reportedFriday that the total number of staff cut could exceed thousands worldwide, with up to 10 percent of Oracles staff affected, though lower estimates suggest a figure of 500 at a minimum. The cuts came despite no formal announcement of the restructuring plans from the company.
Oracle did at least confirm the layoffs in a statement to Business Insider, saying the idea was to shift resources to its cloud computing business.
As our cloud business grows, we will continually balance our resources and restructure our developmen…
Read the full article at: https://siliconangle.com/2019/03/24/oracle-reportedly-axed-hundreds-staff-engineering-teams-last-week/