Oracle, a powerful company Technique Giants based in Silicon Valley Until soonHe is said to be undergoing mass layoffs.
The information stated that employees in the Gulf region are among those Released on Monday. Details surrounding layoffs – how many workers there are, what departments are targeted and in what locations – remain scarce.
Based on posts on LinkedIn and the anonymous community dismissalMonday’s layoffs appear to be affecting employees in Oracle’s customer experience department. The division’s flagship product is Oracle CX Cloud, a suite of products that is a competitor to Salesforce’s Sales Cloud tool.
Oracle discussed the possibility of cutting expenses by a billion dollars, Information reported in JulyHe proposed laying off thousands of employees. Monday’s layoffs will likely be part of the proposed cost-cutting measures.
Layoffs are also expected in Canada, India and Europe, according to the report, although the timeline for notifying employees remains unclear.
Oracle is just one of many tech companies experiencing larger economic headwinds, even though it is one of the largest to announce corporate layoffs. last week dead I mentioned in the company’s earnings call it Facebook It was its first ever loss in annual revenue since it went public, while Google Recruitment paused It reported a slowdown in revenue over the past two weeks. A large number of start-ups in the Gulf region have also been forced into layoffs.
An Oracle representative did not immediately respond to a request for comment from SFGATE.
Do you hear about anything going on at the Bay Area tech company? Contact Joshua Bote safely at [email protected] or at Signal (707) 742-3756 at Signal.
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