The directors of Oracle They are considering launch a cost reduction program with which the company would save 1,000 million of dollars in expenses. Additionally, according to The Information, as part of the program, the company would undergo a reorganization, and would lay off thousands of employees Starting this coming August.
These layoffs could greatly affect the company’s workers in the United States and Europe in business areas such as e-commerce and marketing of customer service software applications. Several sources close to these plans also point to many affected in advertising technology.
Apparently, in addition to the dismissals, the Vice President of marketing for Software as a Service platforms, Juergen Linder, would also leave Oracle. His division is one that would be on the list for possible reorganization, as well as layoffs. Its Marketing Manager, Ariel Kelman, who joined Oracle from AWS in 2020 and until now was in charge of the team that works with TikTok, may also leave the company.
Some rumors also speak that Oracle would be willing to get rid of some of its older and veteran workers and replace them with younger ones who are probably paid less. Meanwhile, the company has declined to comment on the matter.
These rumors about layoffs come after the income of the company have experienced a 5% growth in its fiscal year 2022, which ended on May 22, and totaled 42,440 million dollars. This good data has been overshadowed by its organizational chartthat are down 28% year-on-year until staying at 10,926 million dollars. In spite of everything he has invested money in purchases. The last one, announced a few months ago, was closed this past June: Siftwith some 28,000 employees, for which it paid 28.3 billion dollars.
Meanwhile, the Oracle CTO Larry Ellison, boasts of great plans in health technology in the United States. In June, with the purchase of Cerner in between, he mentioned that he has as a project the development of a centralized database of medical records in the country to reduce the problem caused by the transfer of medical records between health centers when people move .
He also said that Oracle hoped to replace all human resources systems in hospitals in the United States to improve staff management and make it more efficient. Just what it looks like you’re going to do with your own. Of course, apparently, through layoffs.
