https://www.sfgate.com/tech/article/oracle-tech-giant-layoffs-headquarters-20819830.php
The tech company announced the cuts on Wednesday in WARN documents, as is generally required in the event of mass layoffs. One lists 45 layoffs at the company’s Pleaston campus; the other lists 143 at its former headquarters in Redwood City.
Software developers — at various levels of seniority — are being hit hard, according to the WARN notices. Within the category, six vice presidents are losing their jobs in Redwood City, plus 25 director- and manager-level employees and more than 60 lower-level developers.
The documents say that workers were notified on or before Wednesday and will officially leave the roles in mid-October. The WARN Act requires employers to give workers 60 days notice before a layoff, but tech companies tend to just end their laid-off workers’ jobs immediately and give them 60 days of pay.
Oracle did not immediately respond to SFGATE’s questions about the reason for the cuts and what severance pay these workers might receive. But Bloomberg reported Wednesday that the company was cutting staff from its massive cloud computing unit, including more than 150 workers in Seattle, so it’s likely that the Bay Area cuts were also from that group.
The company is based in Austin but, according to a 2024 statement from co-founder Larry Ellison, it will be moving its headquarters again, to Nashville. Official filings still say Austin.