The layoffs have mostly hit the customer experience group and are part of a planned exercise to cut around $1 billion in expenditures according to reports from The Information and Bloomberg. Credit: Oracle Oracle has laid off selected staff across its San Francisco Bay Area offices this week, according to reports from The Information and Bloomberg. The Bloomberg report quotes a former senior manager of sales engineering, saying that the company is reorganizing its customer experience group specifically. Several Oracle employees took to LinkedIn this week to announce that they had been let go. These employees were mostly working as solutions engineers and in sales roles, except for one, who was working in the content and marketing division across Oracle’s customer experience (CX) business and NetSuite. “Having observed such adjustments in the past, my suspicion is that [Oracle] will focus on marketing, administrative, and some sales personnel,” said Carl Olofson, research vice president at IDC. “This could be in response to concerns about a recession, or as part of a reorganization plan based on a structure that is more fully driven by the cloud.” In July, The Information had reported that Oracle was looking to trim jobs in an effort to cut expenditure by $1 billion following the $28.3 billion acquisition of healthcare data specialist Cerner that closed in the second week of June. “At this time, Oracle is running into multiple headwinds, including the Cerner acquisition, US inflation, foreign exchange issues, and slowing deal velocity that will lower revenues for the next year,” said Hyoun Park, principal analyst at Amalgam Insight. Oracle took out a $15 billion short-term loan commitment in March to support the Cerner acquisition “which needs to be paid off relatively quickly,” he added. “It is not uncommon for large enterprises to reallocate their capital and talent as their strategic needs change. Oracle is currently making a big push towards both cloud and healthcare, which will affect employees in core apps product departments that are seen as cash cows,” Park said. Meanwhile, Oracle has been making a push towards building out and marketing its cloud services. Recently, it heavily slashed the price of its OCI dedicated region and also plans to build out 10 new cloud regions. When contacted, Oracle said it would not like to offer any comment regarding the round of layoffs at this time. Related content feature Windows 11 Insider Previews: What’s in the latest build? Get the latest info on new preview builds of Windows 11 as they roll out to Windows Insiders. Now updated for 22635.3500 for the Beta Channel and Build 26200 for the Canary Channel, both released on April 19, 2024. By Preston Gralla Apr 19, 2024 250 mins Small and Medium Business Microsoft Windows 11 news analysis Chasing business and partnerships, Apple goes APAC Apple CEO Tim Cook’s week-long visit to Indonesia, Vietnam, and Singapore highlights how the company continues to explore new opportunities in global markets. By Jonny Evans Apr 19, 2024 4 mins Manufacturing Industry Apple Vendors and Providers news Microsoft reminder: Support for Office 2016 and 2019 ends next year Older versions of Office apps and servers will no longer get security updates as of October 2025 — when Windows 10 also reaches end of support. By Matthew Finnegan Apr 19, 2024 3 mins Microsoft Office Microsoft Office Suites news Google consolidates AI teams into DeepMind to scale capacity The restructuring will simplify development by concentrating compute-intensive model building in one place and establishing single access points for PAs looking to take these models and build generative AI applications, Google said. By Gyana Swain Apr 19, 2024 4 mins Google Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe