Not long ago, Oracle announced a $1 billion cost cut. It is planned to achieve this, including
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And now, thanks to our colleagues from The Information, information has appeared on the Web that job cuts will affect not only employees from Russia, but also from the USA and Europe.
And at risk, including those involved in the marketing of software applications, as well as specialists in customer service automation and e-commerce functions.
It is reported that at least the first wave of layoffs is scheduled for August 2022. The reallocation of costs is due to Oracle's desire to invest in its cloud service to serve TikTok.
Recall also that in June, Oracle completed the largest acquisition of Cerner in history. For it was given 28.3 billion dollars.