Oracle, formerly in Bay Area, reportedly undergoing layoffs

Oracle, one of the stalwart tech giants headquartered in Silicon Valley up until recently, is reportedly undergoing mass layoffs.


The Information reported that employees in the Bay Area are among those being laid off Monday. Details surrounding the layoffs — how many workers, which departments are being targeted and in which locations — remain scant.

Based on posts on LinkedIn and the Anonymous forum The Layoff, Monday’s layoffs appear to be largely affecting employees in Oracle’s customer experience division. The division’s Flagship product is Oracle CX Cloud, a product suite that’s something of a competitor to Salesforce’s Sales Cloud tool.

Oracle discussed a possible $1 billion cut in expenses, The Information reported in July, and proposed laying off thousands of staff. It is likely that Monday’s layoffs are part of these proposed cost-cutting measures.

Layoffs are also expected to take place in Canada, India and Europe, according to the report, although the timeline for employees to be notified remains unclear.

Oracle is just one of many tech companies afflicted by larger economic headwinds, although it is among one of the largest to announce corporate layoffs. Last week, Meta reported in a company earnings call that Facebook had its first-ever loss in annual revenue since going public, while Google paused hiring and reported slowing revenue within the last two weeks. A slew of Bay Area startups have also been forced to conduct layoffs.

An Oracle representative did not immediately respond to a request for comment from SFGATE.

Hear of anything going on at a Bay Area tech company? Contact Joshua Bote securely at [email protected] or on Signal (707) 742-3756 on Signal.


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