Last week, the news of Oracle laying off a huge number of employees as a part of its organizational restructuring came as a shock. The reason behind this layoff round was not clear, while some said that this was done to save money, some others said that people working on a legacy product were let go.
This secretive and sudden layoff process has left people speculating about the number of employees laid off. One of the users on TheLayoff.com commented, I think it was 10% from OCI due to being insulated for the past 5 years. I thought it was around 3k global, 2.3% of the total workforce. Another user speculated that the number could be 1,500 and more to follow given Oracles deflating performance.
Another user speculated that the target i…
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