Rumor has it more cuts are coming next week. Sign up for FedEx delivery to see if you have a fedex waiting for Wednesday Nov 1st. Oracle plans on winning the cloud war through software and machine learning. People are seen as error prone, costly and ineffective. Cuts in managed cloud services, support and sales.
https://americaclosed.com/us-it-layoffs-2017/
Cloud and Automation Drive Massive Tech Layoffs Numbering Around 7,500 in 2017
Despite what has been considered overall a strong year for the tech industry, workers are not benefiting from those stock market gains. Thousands of jobs are being culled as the U.S. IT layoffs in 2017 are going to exceed 7,500. Many of these jobs are being replaced due to automation, a growing fear among many industries as technology is increasingly able to occupy positions formerly staffed by workers. The shift towards cloud computing has also aggravated the situation because the transition from traditional platforms to the cloud has also allowed companies to cut jobs. And in some cases, restructuring has led to more layoffs. Cisco Systems, Inc. (NASDAQ:CSCO), Oracle Corporation (NYSE:ORCL), and HP Inc (NYSE:HPQ) are among some of the largest IT companies in the U.S. and the world that have shed hundreds of jobs each this year alone.
Oracle Corporation Laying Off Over 1,000 Employees in Santa Clara and San Diego
Oracle filed a notice under California’s Worker Adjustment and Retraining Notification (WARN) regulations revealing that 1,008 employees will be shed in its Santa Clara and San Diego offices.
The move comes as the company struggles to transition from a primarily software company into a software-hardware hybrid.
Many of the cuts are coming out of the teams that worked on the server and “Solaris” efforts, two projects that trace their origins to the Sun Microsystems acquisition in 2010, which cost Oracle $7.4 billion. Oracle was interested in entering the server and microprocessor industries, but recent financial reports have shown that the transition has not been as successful as the company first anticipated.
A former Sun executive released a blog post following the layoff news that the cuts would be fatal to the Solaris project, meaning that Oracle may once more refocus on its software strengths, which could signal another loss of opportunity in the future for hardware engineers and others involved in hardware production.
This is hardly the first time that the hardware-side of Oracle has been hit by layoffs. Last December, 450 jobs were slashed, mainly in the hardware side of the business.
The Oracle Corporation layoffs are another sign of the changing times in IT, where the company is struggling to sell its high-end servers to customers who are instead flocking to companies like Amazon.com, Inc. (NASDAQ:AMZN) for massive public cloud data storage servers.