- Database giant Oracle has begun laying off some American employees, sources told Insider.
- It could cut thousands of jobs globally, according to news reports.
- Workers in Canada, India and Europe may be next.
Database giant Oracle began laying off more of its US workforce on Monday, employees confirmed to Insider.
Information last month said the company could cut thousands of workers globally — including in the United States, Canada, India and Europe — to cut costs by $1 billion.
Oracle employs approximately 130,000 employees.
The layoffs have already begun in Oracle’s advertising unit, laying off about 60 people last month, Insider reports. Meanwhile, senior executives such as Ariel Kellmann, chief marketing officer, and Jürgen Lindner, chief marketing officer, are expected to leave the company.
Apparently other units making cuts include Oracle CX Marketing, SFGate reported, citing posts on LinkedIn and TheLayoff.com. Another source told Insider that the marketing organization that reports to Kelman may also face cuts.
Layoffs are unheard of at the tech giant, even though the billion-dollar target would be significant. In fiscal year 2022, which ended in May, the company spent $191 million on restructuring costs, primarily related to employee terminations, it reported in June. It added that last year it spent $431 million on such costs.
The cuts come amid big changes for Austin, Texas: Oracle last month won regulatory approval for its $28 billion purchase of medical records company Cerner and has about 20,000 employees.
Oracle also recently won a contract to store US user data for ByteDance-owned video app TikTok — a deal that could boost its cloud ambitions as it seeks to bypass cloud giants like Amazon Web Services.
The database company reported better-than-expected earnings in June, with a 5% increase in revenue from a year earlier and cloud revenue of $2.9 billion. Oracle Cloud Infrastructure, its cloud platform, continues to lag behind AWS, Microsoft, and Google Cloud in overall market share.
Oracle could not be immediately reached for comment.
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