Oracle's layoffs involve people building its bet-its-business cloud services. But there were actually two teams in cloud and one is now running the show.
But this most recent layoff is different in who Oracle is targeting: people working on its cloud.
that the cuts could be bigger once they are completed, and total many thousands globally. Oracle employs 140,000.Business Insider/Julie Bort Cloud is the all-consuming direction of the company. And it's unusual for a company to cut the people building the bet-the-business products. That's because Seattle has become a worldwide hub for cloud engineering talent, as it is home of two of the world's biggest cloud players: Amazon with its cloud Amazon Web Services and Microsoft with its cloud, Azure.He also says that Oracle has fat to cut because it has grown its engineering team largely through acquisitions over the years. That has bogged engineers down with middle management and bureaucracy.
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