Oracle layoffs 2023 are also here amid recession fears. As per updates, cloud major Oracle has reportedly laid off over 3,000 employees at its firm Cerner which is recently acquired.
As far as Oracle layoffs 2023 are concerned, the company had also “not issued raises or granted promotions" this time
Oracle layoffs 2023 are also here amid recession fears. As per updates, cloud major Oracle has reportedly laid off over 3,000 employees at its firm Cerner which is recently acquired.
According to an Insider report, Oracle layoffs have primarily hit employees at the electronic healthcare records firm Cerner. Based on accounts of current and former employees, the report mentioned that Oracle paused raises and promotions and resorted to these mass layoffs.
These layoffs at Oracle also reportedly happened as recently as this month after Cerner was acquired in June 2022 for $28.4 billion. However, come to see the percentage of layoffs, the figure comes out to be small as Cerner’s acquisition brought in about 28,000 employees into Oracle.
The publication’s report added that as far as Oracle layoffs 2023 are concerned, the company has “not issued raises or granted promotions, and earlier this year, announced that workers shouldn’t expect any through 2023.”
It added that these mass layoffs affected employees across teams at Oracle. It includes employees in marketing, engineering, accounting, legal and even product.
The season of mass layoffs, while has hit Oracle now, has been there since the second half of 2022. Many other tech giants like Google, Amazon, Facebook parent Meta, Cognizant and so on, also announced a spree of job cuts – all due to a global economic downturn and as companies navigate a tough macroeconomic situation.