Oracle quietly held a round of layoffs
Oracle laid off an unspecified number of people this week.
"As our cloud business grows, we will continually balance our resources and restructure our development group to help ensure we have the right people delivering the best cloud products to our customers around the world," Oracle spokesperson Deborah Hellinger told Business Insider.TheLayoff, an anonymous discussion board, to talk about their experiences.
Another reported that 32 engineers worldwide were let go from another Oracle Cloud Infrastructure team — specifically, those working on an older version of the cloud known internally as OCI Classic, or OCIC, according to a post on TheLayoff. Recently, the company announced"Gen 2" of the Oracle Cloud, and many of the engineers on that team are based in Seattle.
Oracle is also currently in the fourth quarter of its fiscal year, which is traditionally its biggest and most important. This is the quarter when its enormous sales force pushes to close deals and make their annual commission targets.
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