While it's small condolence to those affected, Klarna is cutting around 100 staff this time around, compared to the 750 it let go in May. Bloomberg noted that marketing positions were also cut as a part of Oracle's job reductions. In the latest round of tech layoffs, Oracle Corp. on Monday cut jobs in marketing and in the U.S . 5 Investors Betting Big on Exela (XELA) Stock in 2023, Why Hudson Bay May Not Be Able to Save Bed Bath & Beyond (BBBY) Stock, Oracle Layoffs 2022: What to Know About ORCL Job Cuts, Hiring Freeze. In a statement, Opendoor CEO Eric Wu blamed one of the most challenging real estate markets in 40 years.. Oracle moved its headquarters to Austin in 2020 and boasts around 2,500 local employees, making it "one of the 15 largest tech employers in the Texas capital," the Journal said. This section provides an overview of the layoff and recall process and describes how to: . Plus calm down now all the fun of OS subscriptions! Lorem ipsum dolor sit amet, consectetur adipiscing elit. These layoffs are expected to be completed by the second quarter of 2023. The technology giant fresh off the . 4. Those impacted will receive 16 weeks severance, plus two weeks pay for each year they have been with the company. The layoffs at Oracle will affect employees at its offices in the San Francisco Bay Area . The layoffs represent 3% of the total workforce, and so far have confirmed to have affected AI, HR and and retail positions. As threat of layoffs grows, which workers are the most vulnerable? It expects to incur $519 million in restructuring costs "primarily related to employee severance" through . While not an outright hiring freeze, managers at the company have reportedly been given strict restrictions on adding to the companys headcount. All employees worked at the former headquarters in Triangle job market slowing despite tens of thousands of openings, Peloton lays off hundreds more workers to save the company, CEO says. The latest round of layoffs from the company saw Oracle cut 201 workers from its cloud division back in October. Industry: Technology. Five former employees took us behind the scenes. The Layoff discussion - User says: " Oracle Layoffs 2022" regarding Oracle Corp . Startup founders' mental health is crumbling. FAQ - New Privacy Policy. I want to thank Cara Clinton Vollmer and Katie Fordham for their continued support in my career growth and now my next chapter. Company reportedly planning more layoffs in Canada, Europe, and India. In a message to its staff, the company stated that most redundancies were in recruitment, staff, and sales. Last week, layoffs were also announced at, And, further, tech sector layoffs rose to more than, Invitae announced it planned to lay off as many as 1,000 workers globally and Arrival, with a North American headquarters in Charlotte, announced it, Microsoft, which as recently as last month, told WRAL TechWire that it was hiring for hundreds of positions locally in the Triangle, has now also announced that it will, Peloton, which had something of its own pandemic boom and bought a North Carolina company previously, announced it would no longer manufacture its own stationary exercise bicycles, and would. Unlike some other companies issuing redundancies, RingCentral isn't currently experiencing a dire financial outlook. Why some founders "are especially not OK.". The latest jobless claims for the week ending October 15 indicated that claims declined on both a seasonally and non-seasonally adjusted basis and the recent trend is downwards, said Cohen. Twilio, the cloud communications provider announced that it was reducing it's workforce by 11%. Thanks for contributing an answer to Stack Overflow! The cuts, which amount to around 4% of the companies total workforce, will allow additional space to invest and create new roles in high-potential areas new technologies, customer innovations and key markets, stated Jamie Iannone, Chief Executive Officer of eBay. Yahoo announces plans to layoff 20% of its workforce, with many being let go by the end of the week. The job losses affected salaried employees, most of which were purportedly data annotation specialists. nyttksemme sinulle kohdennettuja mainoksia ja sislt kiinnostusprofiileiden perusteella, mitataksemme kohdennettujen mainosten ja sisltjen tehokkuutta. The company stated that making these cuts would allow it to be more agile and better align our course with our strategic priorities in the current macro environment.. Oracle's CX division has incurred what appear to be deep layoffs. It took only a week for Elon Musk to fire half of Twitter's workforce, after taking over the company for $44 billion. Cathie Wood Is Doubling Down on Tesla (TSLA) Stock. | Privacy Policy. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. Oracle begins layoffs in US. #oraclesalescloud Oracle (NYSE:ORCL) layoffs are worth checking out on Thursday as investors keep track of companies cutting employees. Calm, a meditation app, announced that it was cutting 90 employees from its 400 person workforce. Telecoms company Ericsson announces plans to cut 1,400 roles in its native Sweden, in an attempt to cut costs. Unique perspectives from professionals around the world. Job losses: unknown, potentially hundreds. Hear of anything going on at a Bay . Employees at Oracle are also worried that it means more layoffs are on the way. Asking for help, clarification, or responding to other answers. #openforwork#layoffs#marketing#Oracle#oraclelayoffs #contentmarketing #productmarketing. It's been a tough year for tech firms, including hardware and software supplier Oracle (NYSE: ORCL ). The contractors worked in the recruitment arm of the company. Dell Co-Chief Operating Officer Jeff Clarke stated that market conditions continue to erode with an uncertain future, despite the company having taken cost-cutting measures recently, including a hiring freeze. The layoffs at Oracle will affect employees at its offices in the San Francisco Bay Area . Stack Overflow. Besides, the company's cloud-business growth will help keep Oracle on solid financial ground. Employees for Oracle's U.S. customer experience division were laid off from the company on Monday after being informed their positions were eliminated, according to Bloomberg. Read the latest insights, reviews, and recommendations about Oracle Layoffs from 5M+ verified employees at top companies. Slowed revenue growth was blamed for the job losses in June, which amounted to 300, and followed the loss of 150 employees in May. Heres the latest, from this weeks edition of theWRAL TechWire Layoff Watch which tracks job cuts and layoff news dating back to July. By Lucia Maffei. Cybersecurity firm Snyk lets go 14% of its workforce, blaming significant market shifts', leading to the company having to restructure its global workforce'. So after I've taken a day to process, I'm sad to say I'm joining the many others who's time has come to an end at Oracle. Employees at Oracle are worried about more layoffs. Recruiters offered advice on the professional social network about regrouping and leaning in to networks. Please feel free to reach out if you have any available opportunities! The move comes as Oracle makes deeper investments in cloud technology for health care and prioritizes its cloud business with TikTok. (Feedback or tips? An official announcement on this cuts is expected near the end of October. 2. In an email to staff, CEO Colin Angle stated While reducing the size of our workforce is painful, we believe these actions are necessary for the company to better navigate the challenging economic environment and position us to return to profitable growth in the years ahead.. I wish nothing but the best for everyone in this next chapter. The layoffs followed job cuts announced earlier this year. After scanning social media, The Reg found most reports of job losses came in the fields of CX presales engineers - which was said to range between seven and ten layoffs per team - and marketing. It's been a rocky time for the company, with people ditching their bikes as the pandemic subsides, and a much publicised equipment recall after a death involving one of its products. 1125 N. Charles St, Baltimore, MD 21201. Oracle. quotes delayed at least 15 minutes, all others at least 20 minutes. DocuSign announces that it is letting go of 700 members of staff, representing 10% of the company workforce. In a statement, the company stated that its Future Ready Transformation Plan, estimates annualized gross run rate cost savings of at least $1.4 billion by the end of fiscal 2025, and restructuring and other charges of approximately $1.0 billion.. If you're looking for Sales Engineering and Managers, Full Stack Developers, or Product Management talent, let me know, and I can connect you to other members of my team that were impacted. This is best high frequency measure we have though week to week can be volatile, so we tend to look at the four week average, which is flat-ish.. I hope this more. Speaking to Bloomberg, Ella Irwin, Twitters Head of Trust and Safety, said It made more sense to consolidate teams under one leader (instead of two) for example.. A source informed TechCrunch that 250 or more' roles were on the chopping block. Twitter under the Musk regime has started with controversy, and will likely continue on in this way for the foreseeable future. A week previously the company had let go of five members of its security team. I recommend that you use a tool that can auto-expand "SELECT *" and manually eliminate the column (s) you don't want. Employees at Oracle are worried about more layoffs. Zendesk announced that it would be letting 5% of its staff go, citing cost-reduction initiatives. The news outlet, citing a person with . Former Robinhood employees said they saw signs of belt-tightening including plans to shrink office space long before the company laid off 23% of its staff. In August, iRobot, the robot vacuum cleaner brand, made the news, but not for layoffs. Speaking to TechCrunch, the company blamed economic conditions' for the move. Powered and implemented byFactSet Digital Solutions. All rights reserved 19982023, Big Red 'has a history of changing offerings' without allowing renewals of legacy products, Vid-chat-biz ditches Greg Tomb as head-rolling continues, With more employees than ever choosing where they work, the need for PCs fit for purpose has intensified. Oracle Fusion Global Human Resources Cloud Service - Version 11.12.1.. and later Information in this document applies to any platform. Oracle. In June CEO Tim Cook stated that the company would be investing through the downturn', but that it would be more deliberate in doing so in recognition of the realities of the environment.'. We broke down how to unsend text messages using iOS 16. iPhone users with iOS 16 will have 15 minutes to unsend a text and delete it from the recipient's phone. Calm CEO David Ko said the company was not immune' to the current economic climate. German software company SAP announces job losses of 3,000, amounting 2.5% of its global workforce. Over the past 14 months, I have been able to learn and grow within my role and the company as well as cultivate incredible relationships amongst my colleagues, managers, and customers. UK-based fashion e-commerce platform Lyst is reported slashing 25% of its workforce, amounting to around 25% of its staff, as it looks to make savings, as first reported by TechCrunch. PayPal announced a huge cut of around 7% of its workforce, with 2000 employees being laid off from the company. The streaming landscape is more competitive than ever in 2022, with Netflix cutting 300 jobs in June amidst declining subscriber numbers. On : 11.12.1.. version, Global Human Resources Why is the user Account Status is Active for all Terminated Employees? Elon Musk's Tesla firm made 229 redundancies in June, which was to be expected, considering he had told Bloomberg just a few weeks prior that he would be cutting staff by up to 10%. 1. Fifteen current and former Apple female employees say the company dismissed claims of misconduct. ORACLE CORP. 86.34. That news follows layoffs from the company just last month. The company stated that it had hired too rapidly, and that these job losses were an attempt to correct this. The company also plans to go fully remote, shuttering its physical offices as their leases expire. SQL*Developer: I like the idea. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. Oracle and Salesforce join Intel and 88 as the latest channel businesses to cut workers.. Oracle ( ORCL) layoffs may be on the way in the near future. And for this reason, today, we are reducing our employee base by about 6% across the company.. Minimising the environmental effects of my dyson brain, Follow Up: struct sockaddr storage initialization by network format-string. 2023 FOX News Network, LLC. This includes advising them on buying decisions and onboarding new users after purchase. Swedish fintech company Klarna announced lay offs this month, marking the second such announcement from the company this year. Solutions to streamline project management, improve communications (enabling staff to work efficiently from anywhere, and reducing office costs) and defend against cyberattacks that could majorly disrupt your plans, start from just a few dollars a month. "The common verb to describe ACX is that they were obliterated," one employee said. Access your favorite topics in a personalized feed while you're on the go. Layoffs have become commonplace, even among Oracle professionals. Microsoft may re-enter bidding war for TikTok if Oracle deal falls through: Gasparino. More on layoffs announced earlier this year: Retention, retraining workers becomes focus for many employers in changing job market, More NC layoffs as Coats American to close Hendersonville facility, lay off 51 workers, North Carolina solar company lays off 500; CEO blames faulty equipment, Snapchat is latest tech firm to cut jobs: 20% of global workforce, More layoffs: Wayfair is cutting 5% of its global workforce, Genetics firm Invitae, with Morrisville facility, to lay off more than 1,000 workers, Multiple reports outline Oracles decision to lay off thousands of workers, Layoffs hit Microsoft: Tech giant says hundreds of workers to be let go, Job cuts at Biogen, which has big RTP presence, help drug giant reduce costs 40%, More layoffs in NC Medline closing Salisbury facility, will cut nearly 100 workers, Automotive manufacturer to close China Grove plant, lay off 81 workers, Peloton, which had plans for big NC plant, will stop making bikes; 600 to lose jobs, Latest headlines delivered to you twice daily, 2023 WRAL TechWire. Oracle Considered $1B In Cuts, 'Thousands' Of Layoffs: Report #oraclecloud According to Reuters, the cuts will affect recruiting, engineering and product teams. #hiring In addition, its hiring freeze, which began in January, will stay in place. I want that the inactive assignments/terminated-Payroll eligible assignment status is only fetched for the date passed i.e. By clicking Accept all cookies, you agree Stack Exchange can store cookies on your device and disclose information in accordance with our Cookie Policy. Tech layoffs were big news in 2022, and that's looking set to continue in 2023, too, with major companies like Amazon and Salesforce already slashing workforces. Those that remain will have the privilege of remote working taken away and be expected to return to the office. The biggest cuts will be to the teams behind the hardware division, the social mapping app Zenly, and aiding the developers who create Snapchat's mini apps and games. As CSMs have an in-depth understanding of the customer's needs and are . Good luck for those getting let go. In this down economy, companies are forced to make tough decisions. I'm Jordan Parker Erb, and today I'm taking you inside the "complete chaos" at Oracle as layoffs and restructuring roil the database giant. Why are you choosing NOT to use proper, explicit, SQL query to pick all active employees and terminated employees only during a specific period, How Intuit democratizes AI development across teams through reusability. USD. Five former employees took us behind the scenes. After scanning social media, The Reg found most reports of job losses came in the fields of CX presales engineers which was said to range between seven and ten layoffs per team and marketing. Oracle is undergoing mass layoffs to their US customer experience division but the full scope of the eliminations is not clear at this time. Catch Tech.co's weekly newsletter to stay updated on the biggest tech and business headlines. Sign up below to get this incredible offer! If you or someone you know is looking for an experienced demand gen marketer for campaigns, events or field marketing please reach out. In July, a report stated the Austin, Texas-based technology giant planned to cut up to $1 billion in cost by letting thousands of workers go as soon as August, according to The Information. 3 min read. In December 2021, Better.com canned 900 employees, and in doing so hit the headlines, thanks to the way it delivered the message through a very impersonal Zoom call. It follows competitor Better.com, which made several big layoffs this year alone. 0. Does a summoned creature play immediately after being summoned by a ready action? In addition CEO of Snyk, Peter McKay also stated that it would be reducing spending in other areas, including subscription services and business travel. As required by law, Oracle has informed the State of California that the company laid off 225 workers from its Redwood City headquarters and a further 97 employees from its Santa Clara facilites. It spent $431 million on such . RESEARCH TRIANGLE PARK Oracle is in the process of restructuring the company, including the cloud and license division of the company, according to a securities filing. Oracle Austin Layoffs October 3, 2022 In "O Layoffs". Just to add Terminated-Payroll eligible corresponds to INACTIVE IN papf.assignment_status_type, You are using the TO_CHAR (:from_date,'YYYY-MM-DD'), You don't have to convert it to CHAR as you are comparing it against the date. Several other tech companies have also been laying people off lately. Unfortunately, that can lead to some leaving the business, and we support them through their transition.. The layoffs will impact Kyndryl Holdings, the company's IT services business, and its Watson Health division. Nasdaq Jos haluat muokata valintojasi, napsauta Hallitse tietosuoja-asetuksia. HP blames poor PC sales, which saw a sharp rise during the pandemic, but have since been in decline. Special thanks to my team and coworkers Lynn Barnhart, Shelby Aprile, April Mazon, Carina Lewis-Hornsby, Lyndie Saupe, Haley Vote, Kimberly Mikat, Kerri Johnson, Sharon Kim, Caryn Anderson, Christina Church, Margaux Guyonneau, Julia S., Lloyd Fisher, Bryant Aponte, Michelle Shapiro, Pete Jaradeh, Jayme Mesecher, June Farmer, Lori J. Pierson, SPHR, Amy P., Judy Warchesik, Violet Lumani, Tracy Critchfield, Micah Strand, Sherri Takahara, Laraine Chan In a statement, CEO Dan Schulman blamed the decision on the challenging macroeconomic environment.. 20,000 partners across the globe. The number of job cuts continues to grow, hitting real estate, retail, finance, healthcare, and food sectors, both in the United States and across the globe. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. They would mostly hit marketing positions for . The reports of layoffs at Oracle come as major tech companies continue to announce cuts. Why Being Fired Over Zoom Is Such a Jarring Experience. In a statement from the company, CEO Cheng Lu stated While I deeply regret the impact this has on those affected, I believe it is a necessary step as TuSimple continues down our path to commercialization.. Nike is offering $5,000 employee bonuses for some tech job referrals. Is the God of a monotheism necessarily omnipotent? Take a deep breath. That would roughly make sense if they want to save $1 billion overall," wrote one user on Thelayoff. OCI employs around 10,000 people, so, in terms of percentages, the numbers are small, but the action is significant. Groupon has initiated what is calling its second phase of restructuring', which involves the job losses of 500 of its staff. Why is there a voltage on my HDMI and coaxial cables? The Advertising and Customer Experience team was said to have been cut, too. Huge losses announced by the real estate tech company as it cuts around 18% of its total workforce. However, this could be the last job cut at the company for some time, with CEO Barry McCarthy stating that Peloton is now focused on growth.'. How do I query for all dates greater than a certain date in SQL Server? The company closed at $77.44 on Monday following reports of the layoffs and opened on Tuesday at $76.99. Do new devs get fired if they can't solve a certain bug? as well as other partner offers and accept our. And Biogen, which has a big presence in RTP, Durham technology startup Adwerx announced it would. Created automations utilizing Oracle Fusion HCM Extracts, OBIEE reports, Java and Unix to load data into databases, massage data and provide flat files to integrate with third party applications.<br><br>Created reconciliation reports using OTBI, Java and Unix to sync email addresses and login ids of employees in Active Directory and Oracle Fusion HCM.<br><br>Utilized OTBI, Java and . A widespread layoff as part of Oracle's greater business transformation and realignment was conducted and like many #oraclecx employees I too was impacted. Soon-to-be-former employees report some teams were dropped entirely, with others trimmed. By clicking Post Your Answer, you agree to our terms of service, privacy policy and cookie policy. The cuts could supposedly impact multiple divisions. Oracle. Tietosuojakytnnstmme ja evstekytnnstmme voit lukea lis siit, miten kytmme henkiltietojasi. #opentowork More cloud computing and tech companies are instituting layoffs and hiring freezes as inflation wipes out . Will Be Even Bigger Than Your Wildest Expectation, 7 Over-$100 Stocks That Are Worth Every Penny, Louis Navellier and the InvestorPlace Research Staff, Michael Burry Is Betting Big on These 2 AI Stocks. Shopify's 1,000 redundancies in July represented 10% of the company's entire workforce. Meta lets 60 contract workers go, from Accenture. If you know anyone looking for an experienced solutions consultant/engineer, let me know! My heart aches for many going through this today. Yet, the layoffs are a necessary step to help slim Oracle down. @Mike: Expanding the column list is not the same as using select * except. (REUTERS) Oracle's job . News is slowly trickling out as those affected are posting to social media, but Amazon has started making redundancies that are expected to reach around 10,000. Vimeo CEO Anjali Sud said in a blog post: After assessing the challenging market conditions and uncertainty ahead, I believe this is the responsible action to take.. At least a dozen local employees appear to have been impacted by a round of layoffs at Austin-based Oracle Corp. Enjoy more free content and benefits by creating an account Saving articles to read later requires an IEEE Spectrum account The Institute content is only available . In addition, the company will also look to close some of its physical offices. The nature of simulating nature: A Q&A with IBM Quantum researcher Dr. Jamie We've added a "Necessary cookies only" option to the cookie consent popup. It's one of the biggest layoffs in the tech industry this year, and also one of the most brutal. These changes reflected after the two top executives name, Thomas Kurian and Amit Zavery, quit the company to join Google, as reported by ToI. Aug. 4 - Robinhood will make layoffs of 23% of its workforce, a few months after slashing 9% of workers. In April, Robinhood CEO stated that the company had cut 9% of the company's staff, amounting to around 300 people. To learn more, see our tips on writing great answers. Across LinkedIn, Twitter, Thelayoff.com and other sites, Oracle staff report the cuts have started. More than US$64B in R&D since FY2012. Oracle is conducting massive layoffs especially in the CX area. I have written a query to get both active and inactive employees from a table-. This query will fetch all ACTIVE and INACTIVE assignments(terminated-Payroll eligible). According to Business Insider, the layoffs hit the Oracle Cloud Infrastructure (OCI) unit and the North America Cloud Infrastructure and Technology (NACT) unit, considered critical to the company's all-important cloud efforts.Some 10,000 employees work in the OCI unit. - Technology Reporter, Boston Business Journal. The company employs 84,000 people globally. Why is this sentence from The Great Gatsby grammatical? Mutual Fund and ETF data provided byRefinitiv Lipper. #techlayoffs I've never been through this myself, so it's definitely a new feeling. Job losses: Potentially thousands of staff. Browse other questions tagged, Where developers & technologists share private knowledge with coworkers, Reach developers & technologists worldwide. Business Insider reports that Microsoft is laying off its Modern Life Experiences team, a department focused on professional consumers. #oracle #opentowork, To my fellow LinkedIn friends: It's my last day at Oracle. Not the answer you're looking for? It's understandable if current customers of the company's CRM, customer service, marketing automation, e-commerce and advertising clouds are worried for the future of their technology investments, experts said. Some marketing teams have seen their headcount slashed by anywhere from 30% to 50%. Article printed from InvestorPlace Media, https://investorplace.com/2022/11/oracle-layoffs-2022-what-to-know-about-orcl-job-cuts-hiring-freeze/. Some . And, layoffs are still occurring, including job cuts and a plant closure as the result of the restructuring of GKN Automotive, WRAL TechWire reported this week. It marks another in a long line of job losses at the company, with 10,000 roles being made redundant less than two months ago. #Oraclelayoffs #tech #marketing #jobsearch #opentowork #opportunities #activelylooking. Why does Mister Mxyzptlk need to have a weakness in the comics? In a statement, the company said that the cuts were part of its normal business process'. Zoom experienced a meteoric rise during the pandemic, with its name becoming synonymous with web conferencing to the general public. If this was forwarded to you, sign up here. Aug 1, 2022. Apple cuts 100 contractor roles across several regions, as reported by Bloomberg. United States - Global data technology giant Oracle has started laying off an undisclosed number of its employees in marketing and the US customer experience units, which started last Monday, 1 August 2022. Microsoft has made at least two other rounds of layoffs this year, with the biggest, back in July, affecting 1,800 employees. Oracle has reportedly laid off around 200 people in its cloud unit. With that being said, I am looking forward to seeing what is next in my journey. Oracle counts India as their largest delivery centre outside the US, employing close to 40,000 people. Unfortunately, after 23 years, I was a part of the #layoffs today at #oracle among many of my talented colleagues. In a statement, the company said that it was not looking to make company wide layoffs, and that it was still hiring for critical roles. Touted as part of its restructuring plan, San Francisco based DocuSign announced that it was letting go of 9% of its workforce. ORCL. This includes laying off 82 workers in Charlotte and . Sales staff are those most affected. Meanwhile, individuals at both Dell and Microsoft took the opportunity to let Oracle staff known they have open positions to fill. Reports that streaming service HBO Max is cutting 70 roles, around 14 percent of its workforce. Seattle-based real estate firm Zillow has laid off 300 employees, with layoffs affecting those in home and loans, and closing services. (Getty Image / Getty Images), GET FOX BUSINESS ON THE GO BY CLICKING HERE. (Getty Images / Getty Images). By clicking Sign up, you agree to receive marketing emails from Insider St Pete based tech giant JABIL to lay off more than 200 in CaliforniaCompany Profile:- Founded:- 1966Location:- St. Petersburg, Florida, United StatesTotal . We've celebrated so many wins, learned from our losses, and have lots to be proud of. All rights reserved. Oracle insiders describe "complete chaos" from layoffs and restructuring. Linear regulator thermal information missing in datasheet. One person reported all of the CX Commerce team was gone: However, the layoffs appear to be across a wide range of roles from analyst relations to talent acquisition, to CRM to developers. The company behind Roomba announces that it is laying off around 85 staff, which amounts to 7% of the workforce. Even so, its worth noting as recession fears have investors closely watching tech stocks. 10. #opentowork #layoffs #b2bmarketing Oct 2022. Earlier this week, Oracle began a sizable layoff, potentially impacting thousands of employees and those who haven't yet been laid off are scrambling to figure out whether they'll be next. - Working on my Coaching and Leadership business Shopify CEO Tobi Lutke stated, We bet that the channel mix the share of dollars that travel through ecommerce rather than physical retail would permanently leap ahead by five or even 10 years. The job losses include those based at the company's San Francisco location. He has over 15 years experience in publishing, having covered both consumer and business technology extensively, including both in print and online. A slew of Bay Area startups have also been forced to conduct layoffs. DURHAM - Oracle will make job cuts and layoffs, according to reporting from The Information that was also reported on Monday by Reuters.