Oracle begins laying off employees - India Blogger

Database giant Oracle began laying off employees on Monday.

Some of the unknown number of cuts came from the company’s San Francisco-area offices, The Information reports.

The layoffs were in the company’s US customer experience division, according to Bloomberg, and impacted everyone from a junior sales employee to a division sales director.

The company is aiming to reduce its costs by $1bn, according to an Information report from July.

It’s a period of change for Oracle and its estimated 143,000 employees, as the company anticipates two major new lines of business.

Last month, it won regulatory approval to buy medical records company Cerner for $28bn.

In June, it inked a deal to store US user data for the wildly popular social video-sharing service TikTok.

This is a breaking news story and will be updated with new information,

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