Oracle Plans to Cut 700 Jobs in California by June
SOURCENews reportView the filing ↗
What we know
Location: California, USA.
Based on news reporting.
Summary
Oracle Corporation has announced plans to cut 700 jobs in California by June 2024. This decision is part of a broader restructuring effort aimed at streamlining operations and reducing costs. The layoffs are expected to impact various roles within the company, although specific departments have not been disclosed. This move reflects ongoing challenges in the tech industry as companies adapt to changing market conditions. The exact timing of the layoffs will be finalized as the planned date approaches.
Oracle Corporation cut 700 jobs in CA.
That is roughly 0.4% of the 159,000 people Oracle Corporation employs.
LayoffTalk has tracked 63 layoff events at Oracle Corporation since October 2022, including 2,331 jobs documented in official WARN filings, with 52 additional events known from news reporting.
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Estimated figure based on news reporting. Not yet confirmed by Oracle Corporation.
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