ORACLE CONSIDERS $1 MILLION CUT, ‘THOUSANDS’ OF LAYOUTS: REPORT
Oracle recently considered up to $1 billion in cost cuts, and as a result, thousands of its employees may be laid off in August, according to a report published Friday in The Information.
The potential layoffs come on the heels of Austin, Texas-based Oracle closing on its $28 billion acquisition of Cerner to give the company a deeper presence in the health technology space. The acquisition brings about 28,000 employees to Cerner, according to the company’s website.
Oracle did not respond to CRN’s request for comment prior to publication.
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An Oracle spokesman with knowledge of the situation said the layoffs would have a “disproportionate impact” on workers in the US and Europe and would include software application sales and e-commerce customer service staff, the report said.