21.7 C
New York
September 15, 2026
Worship Media
Technology

Oracle forecasts 33% increase in restructuring costs as new round of layoffs hits

A pattern that began in March

Oracle’s first 2026 layoff wave began March 31, when the Revenue and Health Sciences unit, the SaaS and Virtual Operations Services group, and NetSuite’s India Development Centre saw some of the deepest reductions.

Figures published by Oracle for its fiscal year ending May 31, 2026, show research and development headcount fell from 50,000 to 43,000 employees during the year, sales and marketing fell from 31,000 to 25,000, and services fell from 37,000 to 34,000, according to Gogia’s analysis of the company’s own reporting.

International staff, at 92,000, saw a larger reduction than the 49,000-strong U.S. workforce, he said.

Click Here to Visit Orignal Source of Article https://www.computerworld.com/article/4222308/oracle-forecasts-33-increase-in-restructuring-costs-as-new-round-of-layoffs-hits-2.html

Related posts

Gmail tips: Snoozing, shortcuts, and other time-savers

ComputerWorld

Blogger’s notebook: File Explorer tabs, Ignite, and Windows 11 22H2

ComputerWorld

Confluent unveils data streaming for AI for real-time applications

ComputerWorld

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy