Aug. 19 at 12:54 PM
$ORCL Oracle undertakes SUDDEN MASS LAYOFFS in several divisons, DECIMATING Oracle Cloud, Oracle OCI and NetSuite GBUs
Major IRIFs in Oracle OCI and NetSuite GBU, traversing divisons and products, deep into Engineering, Tech Lead, Product Management, Consulting, Account Management, Operations and Procurement Roles.
Oracle Pay Grades IC1-IC6 and M3-M5s, even M6s were terminated en masse.
Impossible this doesn't affect Oracle and especially NetSuite GBU operationally. Look for the NetSuite GBU breakouts in next EC
$SHOP $CMRC $MSFT $GOOG