Location: Romania.
Department affected: Security.
Based on news reporting.
Oracle Corporation has announced that it has laid off an additional 500 employees as part of its ongoing job reduction strategy. This move continues the trend of workforce cuts that the company has been implementing in recent months. The layoffs are part of a broader effort to streamline operations and reduce costs amid changing market conditions. Oracle has not specified the locations or departments affected by these layoffs. The company is adjusting its workforce in response to the evolving demands of the technology sector. This latest round of cuts adds to the significant number of job reductions already seen this year.
Oracle Corporation cut 500 jobs affecting its Security team as of October 1, 2023.
That is roughly 0.3% of the 159,000 people Oracle Corporation employs.
LayoffTalk has tracked 51 layoff events at Oracle Corporation since October 2023, affecting a combined 145,394 employees.
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