Oracle may layoff thousands of employees despite hunting for data center specialists
Oracle has set aside roughly $700M for restructuring.
CEO of Oracle Lawrence Ellison. Image by Mark Peterson/Corbis via Getty Images)
- Oracle has told some employees their jobs are ending as part of a broader restructuring.
- An independent researcher estimates the cuts could affect 5,000 to 8,000 workers.
- Oracle has set aside about $700 million for restructuring, according to its SEC filing.
- The company is still hiring for data center, power infrastructure, AI, and machine learning roles.
Key Takeaways by nexos.ai, reviewed by Cybernews staff.
An unknown number of Oracle employees were told that “today is your last working day” as the tech giant enters its next restructuring phase.
The tech giant announced terminations in an email to affected staff.
The company claims that its “current business needs” have forced Oracle to eliminate roles “as part of a broader organizational change.”
“As a result, today is your last working day,” the email shared on social media reads.
Affected employees have been offered a 4-week base-salary severance package, with an additional week for each year they’ve worked at Oracle, according to Business Insider.
Amanda Goodall, an independent market researcher who has been closely following Oracle, believes that cuts could affect between 5,000 and 8,000 employees across technical and professional roles.
Oracle currently boasts 141,000 employees worldwide.
Oracle filed its quarterly report with the Securities and Exchange Commission (SEC) in late August, in which it described setting aside approximately $700 million for restructuring.
While Oracle gears up to terminate potentially thousands of employees, it is simultaneously looking to hire certain specialists.
In the past seven days, Oracle has posted several job listings linked to data center development, on-site power delivery specialists, and data center technical training.
In the last 90 days, Oracle has focused on data center construction, power infrastructure, mechanical engineering, AI and machine learning, and other talent, according to Goodall.
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This isn’t the first time Oracle has laid off employees in a push to save resources amid data center construction and AI integration.
Employees within its cloud division were the targets of Oracle’s last purge, which reduced its then 162,000 staff headcount.
The company jumped headfirst into a huge $30 billion AI expansion, which was almost three times Oracle's total cloud infrastructure annual revenue.
The American tech giant is responsible for serving companies like JPMorgan Chase and Wells Fargo, as well as the UK’s National Health Service (NHS).
