Despite Oracle's strong Q1 performance and a 30% increase in share price, the company has announced a planned restructuring across its EEA operations, proposing a reduction of up to 2,000 roles across multiple lines of business. This initiative aims to rebalance costs, streamline operations, and reinvest in AI and data center capacity. The exact number of impacted positions in each country remains unfinalized, pending local legal consultations and regulatory requirements. Where feasible, Oracle may offer options like voluntary redundancy or early retirement, though availability may vary across EEA countries. How Oracle will compensate the thousands of employees affected by these layoffs worldwide remains unclear, with details on support programs like retraining or career transition assistance yet to be fully disclosed.
10 replies (most recent on top)
@11z it's 100% confirmation it is moved to meet EMEA layoffs and they will happen first half of October. All hands usually signifies end of mass layoffs within the org (I mean you are safe for 6 month).
Greg Pavlik's all hands moved to the very end of October might signify the end of the actions.
@ew it's gonna be a awful surprise for you. Numbers are being finalised these days and it's gonna be implemented next month
@OP This looks like a very fake news article? What gives? For sure there will be layoffs, but Oracle themselves do not refer to the "EEA" as a term internally, so it clearly shows you do not know what you are talking about.
Been told by my manager that EMEA layoffs are coming, at least for OCI.
I’m in the UK and almost 100% affected. It’s dispiriting.
I’m not sure what the process is for UK vs EMEA, or what severance is offered for UK. If anyone knows what is offered and if it’s negotiable I’d appreciate it.
@a6 internal EMEA HR sources, changes will be implemented in upcoming weeks and months
Source? Don't just post stuff. It's worthless.
@a2 EEA stands for European Economic Area. EU + Norway + Liechtenstein + Iceland 🤔
What is EEA?
@OP do you have a source for this information?