According to a recent article on Dice there is a serious rumor that thousands of layoffs are coming across many organizations in August.
That’s the rumor circulating at the moment, thanks to a July article in The Information that suggested the enterprise IT giant could slice away thousands of jobs as soon as August. The cuts could supposedly impact multiple divisions.
CRN added that two high-level executives, CMO A.K. and SVP J.L., recently departed the company, as well. J.L. handled marketing for SaaS, one of Oracle’s key areas of focus as it attempts to compete with Amazon Web Services (AWS) and other tech giants for cloud customers.
And make no mistake about it: Oracle faces an uphill battle when it comes to convincing technologists to adopt its cloud. Not only do AWS, Microsoft Azure, and Google Cloud claim a far larger share of the cloud-infrastructure market—but as the most recent Stack Overflow Developer Survey makes clear, technologists greatly prefer those platforms to Oracle’s offerings. Oracle notched a huge win when it took on TikTok as a cloud client, but it needs to build a much larger portfolio if it wants to keep AWS and Microsoft executives awake at night.
https://insights.dice.com/2022/07/26/rumors-of-oracle-layoffs-highlight-companys-position-in-cloud-race/