When contacted, Oracle said it would not like to offer any comment regarding the round of layoffs at this time. Recently, it heavily slashed the price of its OCI dedicated region and also plans to build out 10 new cloud regions. Meanwhile, Oracle has been making a push towards building out and marketing its cloud services. Oracle is currently making a big push towards both cloud and healthcare, which will affect employees in core apps product departments that are seen as cash cows,” Park said. How can Jamf help To learn more about how we collect, use, disclose, transfer, and store your information.
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Reduce your service-desk tickets by 50 or more by eliminating password mismatches between the Mac local account and Active Directory. “It is not uncommon for large enterprises to reallocate their capital and talent as their strategic needs change. It’s simple authentication and account setup via reimagined login experience. Oracle took out a $15 billion short-term loan commitment in March to support the Cerner acquisition “which needs to be paid off relatively quickly," he added. “At this time, Oracle is running into multiple headwinds, including the Cerner acquisition, US inflation, foreign exchange issues, and slowing deal velocity that will lower revenues for the next year,” said Hyoun Park, principal analyst at Amalgam Insight. In July, The Information had reported that Oracle was looking to trim jobs in an effort to cut expenditure by $1 billion following the $28.3 billion acquisition of healthcare data specialist Cerner that closed in the second week of June. “This could be in response to concerns about a recession, or as part of a reorganization plan based on a structure that is more fully driven by the cloud.”
“Having observed such adjustments in the past, my suspicion is that will focus on marketing, administrative, and some sales personnel,” said Carl Olofson, research vice president at IDC.
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