Oracle Swings axe on Cloud Infrastructure Corps Amid Possible Bloodbath at Big Red:
0.4 to 10% of corporate wage slaves could be up for the chop
Oracle has laid off about 40 people in its Cloud Infrastructure (OCI) group in Seattle – and on Friday began notifying about 250 workers at its Redwood City facility and about 100 at its Santa Clara location, both in California, that they will be let go in May.
These US-based layoffs are part of a broad round of job cuts around the globe this month, said to range from 500 to 14,000 at the database giant. The biz employs about 140,000 worldwide.
The Register spoke with an individual affected by the layoff who confirmed that about 40 people in Oracle's cloud group have been let go. The insider, who asked not to be named, recounted being summoned to an office last week with other team members, and being told to leave that afternoon.
The dismissal includes people who now face concerns over whether they can remain in the US because they're no longer employed and are here in the States on work visas. Some will have very little time to find work before having to leave the US.
[...]Despite Oracle's representations that its cloud business is booming, the recent departure of two cloud execs and an aggressive stock buyback plan have raised concerns the database giant is trying to keep its share price high while having mixed cloud results.
Magic 8-Ball says "Outlook Cloudy".
(Score: 2) by DannyB on Tuesday March 26 2019, @07:20PM (3 children)
Oracle seems to get as much love as Tobacco, Big Pharma and those behind the Flint MI water catastrophe.
People today are educated enough to repeat what they are taught but not to question what they are taught.
(Score: 4, Insightful) by stretch611 on Tuesday March 26 2019, @08:09PM (1 child)
Oracle tends to use lawyers to increase profit... whether to sue customers who are unwittingly out of compliance with an existing customer contract, or Google who had an agreement to use Java technologies in Android before Oracle bought Sun and later sued over the issue.
People tend to think poorly of companies that sue their own customers.
Now with 5 covid vaccine shots/boosters altering my DNA :P
(Score: 2) by DannyB on Tuesday March 26 2019, @08:29PM
Oracle tends to do anything, no matter how despicable, to increase profit.
Oracle's lawsuit over Android is one of my favorite things to dislike Oracle for. I'm sure other people dislike Oracle for other reasons.
Maybe I wasn't clear and should have indicated that Oracle deserves the love it gets, similar to Tobacco, Big Pharma, Monsanto, etc.
People today are educated enough to repeat what they are taught but not to question what they are taught.
(Score: 2) by PartTimeZombie on Tuesday March 26 2019, @09:00PM
For good reason, from what I understand.
The huge multi-national I work for had Oracle's hooks deep into it, but when they demanded several hundreds of thousands of dollars in extra license fees last year the powers that be decided to give them the flick.
I'm sure that came as a huge surprise to Larry and his mates, but now we have a 3 year project to change every Oracle system over to something else.
The rumour I heard was that we were paying about US $25 million per year to Oracle in the Asia-Pacific region alone, which might well be true, so that will be a hit to their bottom line.