Oracle Layoffs 2017: Rumored Staff Cuts, Job Losses Today (June 1)
Oracle (ORCL) apparently made job cuts today, according to sources close to the technology giant. ChannelE2E has not confirmed actual layoff figures, but one source suggests hardware teams in particular will be stretched thin as the company doubles down on cloud services.
Unconfirmed reports suggest various Oracle layoffs in the United States and the United Kingdom. Department cuts allegedly include North American sales; customer success managers for North America cloud; and solutions consultants focused on customer experience. Much of the chatter — featuring unconfirmed rumors — surfaced today on TheLayoff.com.
In early May 2017, Oracle CEO Mark Hurd denied a rumor that the company was planning massive job cuts in June 2017. At the time, Hurd called the mass layoff rumor “fake news.” Fast forward to present day (June: the start of Oracle’s new fiscal year) and multiple sources suggest the company had some cuts today — though the sources don’t consider the cuts to be “mass” layoffs.
Oracle: Q3 and Q4 2017 Financial Results
Oracle and several of its enterprise rivals — particularly Cisco Systems, Dell EMC, HP Enterprise and IBM — have been working overtime to transition from traditional hardware and software sales toward next-generation opportunities. Key areas of focus for most of those companies include cloud, hyperconverged infrastructure (HCI) and security.
Oracle is set to announce its fiscal Q4 2017 results sometime later this month. For its fiscal Q3, total revenues were $9.2 billion, up 2% in U.S. dollars and up 3% in constant currency. On an annualized non-GAAP basis, the company’s total cloud business reached reached the $5 billion mark, and Oracle’s SaaS and PaaS businesses grew 85 percent in Q3, CEO Safra Catz said at the time.
ChannelE2E has reached out to Oracle for comment about the alleged job cuts but has not received a reply as of this writing. We’ll update the article if we receive a comment.