Oracle has disclosed plans to slash well over 600 jobs in the Bay Area in a wrenching round of staffing reductions that arrive as the company attempts to navigate the artificial intelligence upheaval.
Details of the Layoffs
Oracle disclosed plans to slash 654 jobs in the Bay Area after recent reports that the company had emailed termination notices to potentially thousands of employees worldwide.
The software and cloud services company will eliminate 312 jobs in Redwood City, 184 positions in Santa Clara, and 158 jobs in Pleasanton, according to WARN notices that this news organization obtained from the state Employment Development Department.
The respective addresses where the layoffs will occur are at 500 Oracle Parkway in Redwood City, 4230 Leonard Stocking Dr. in Santa Clara, and 5815 Owens Dr. in Pleasanton, according to the WARN letters.
Impact and Company Statements
“No employees are represented by a union, no bumping rights exist, and it is anticipated that these layoffs will be permanent,” Anje Dodson, an Oracle senior vice president of human resources, wrote in the WARN letters.
All of the campuses where the job cuts will occur are expected to remain open, Oracle said in the WARN notice.
Oracle said it notified the affected workers by no later than March 31. The layoffs are slated to occur on or around June 1.
Comments
Join Our Community
Sign up to share your thoughts, engage with others, and become part of our growing community.
No comments yet
Be the first to share your thoughts and start the conversation!