Report: More Than 1,000 Oracle Layoffs Likely To Hit Europe
The Irish Times reports that it learned from workers at Oracle’s Dublin offices that the tech giant will eliminate up to 1,300 positions in Ireland, Holland and Spain. Oracle has been restructuring its workforce dramatically over the last year as it shifts focus to its cloud business.
Oracle is planning to layoff what might amount to 1,300 workers in several of its European offices, according to a report published Wednesday in The Irish Times.
The job cuts will hit Dublin, Ireland, where Oracle has more than 1,400 workers, and are also likely to stretch into Oracle teams based in Amsterdam, Holland, and Malaga, Spain, the Irish newspaper reported.
The job cuts were revealed to the newspaper by Oracle staff who attended an “all-hands” meeting Wednesday at the Dublin offices.
[Related: Oracle Plans To Ride ERP And Database To Greater Cloud Glory]
Managers told those employees that the workforce restructuring will impact sales, business development and solutions engineering teams. Employees who will be impacted were told they could apply for other positions in the company.
One Oracle employee learned he would receive a 30-day notice within a week, which is mandatory in that country, as well as a compensation offer.
Oracle declined to comment to CRN on the report of layoffs.
Over the last year, Oracle has been restructuring its workforce as it looks to boost financials while repositioning its business to focus aggressively on cloud.
A year ago, the company revealed it was cutting hundreds of jobs across the U.S. It reported mass layoffs to the State of California in accordance with the WARN Act at that time.
But a few months later, in October, Oracle said it was initiating a hiring spree that would bring aboard 2,000 new employees around the world to work on building out and driving enterprise adoption of its cloud infrastructure service.