Cloud Computing
Oracle Trims Staff Amid Difficult Transition to Cloud Services
(Bloomberg) — Oracle will dismiss several hundred workers in May as the world’s second-largest software maker tries to rejigger its faltering cloud-computing strategy.
The database giant plans to cut 352 people on May 21, according to a notice filed last week with the state of California. The staff reductions include 255 people at its Redwood City, California, headquarters and 97 people in Santa Clara, California.
While the announced cutbacks represent a small number of people for a company with 137,000 employees as of May 31, they include people who worked in Oracle’s infrastructure cloud units that were meant to help spur growth, according to news reports. Business Insider reported last week that the company also had eliminated an unspecified number of jobs outside of California over the past week. The software maker has struggled to increase revenue amid a transition to internet-based programs and services.
“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 spokeswoman Deborah Hellinger said in a statement.
-
Economy2 months agoNumber of Workers in GCC Countries Increase From 2021 to 2025
-
Magazines1 month agoOER Magazine April 2026 Issue
-
Oman2 months agoREVIEW: WHOOP and the Rise of Performance Luxury
-
Economy2 months agoElectricity Tariffs Reduced for Residential Use – What It Means for You
-
Lifestyle1 month agoAP x Swatch Royal Pop: A Rule-Breaking Collaboration That Takes the Royal Oak Off the Wrist
-
Economy1 week agoOMIFCO IPO: Price, Dividends, Subscription Dates and Listing – Here’s Everything You Need to Know
-
News2 months agoANALYSIS: Oil Slips As Peace Hopes Reprice Middle East Risk, But Supply Tightness Keeps Market On Edge
-
Banking & Finance1 month agoTariq Atiq Appointed as CEO of Bank Nizwa

You must be logged in to post a comment Login