Oracle

Two weeks after its premier CloudWorld event, layoffs began last month at Oracle Cloud.

Business Insider reported that about 200 people have lost their jobs within Oracle Cloud Infrastructure. OCI employs around 10,000 people, so, in terms of percentages, the numbers are small, but the action is significant.

Hyoun Park, CEO and chief analyst at research firm Amalgam Insights.

“We are currently in an economic slowdown in the IT world as every major vendor is seeing delays in closing business,” he said. “Oracle has always been a disciplined company in terms of managing to the numbers, so it is no surprise to see Oracle lay off staff, even in a growth area. It is not uncommon to see tech companies reshape their talent pool with simultaneous sets of layoffs and hiring. Again, Oracle is definitely no stranger to this tactic as well. … Oracle is trying to reshape its talent portfolio to hire more from lower cost-of-living geographies when possible. Financially, Oracle would rather pay for salaries in, say, Idaho or New Hampshire, than for California and tech-heavy areas like the Research Triangle and Austin, if possible.”