Share with friends and circles of friends with wechat scanning QR code < / P > < p > on August 2, the employees of database giant Oracle confirmed that the company began to lay off staff globally on Monday, local time in the United States. The layoffs include thousands of people in the United States, Canada, India and Europe, aiming to save $1billion in costs. Oracle currently has about 130000 employees

it is reported that Oracle's U.S. customer experience department, which mainly provides analysis and advertising services, has begun to lay off staff. Among them, the advertising department cut about 60 jobs last month. Meanwhile, Oracle's chief marketing officer Ariel Kelman and marketing director Juergen Lindner are expected to leave the company

it is reported that other departments affected by layoffs include Oracle cx/marketing cloud, and the marketing agencies that currently report to Kelman may also face layoffs

for a long time, the performance of customer experience Department has always lagged behind other departments of Oracle. At an event last year, Douglas kehring, executive vice president of Oracle, said that historically, the performance of the Department was disappointing

a former senior manager of sales engineering wrote on LinkedIn, a professional social networking site, that the company "decided to restructure" the customer experience Department "and continue to move forward". In another post, another dismissed manager also mentioned layoffs and restructuring

for Oracle, cost savings through layoffs are not without precedent. In June this year, the company reported that in the 2022 fiscal year ending at the end of May, the company spent $191million on restructuring, mainly related to employee turnover. In 2021, the company spent $431million on this

the layoff comes at a time when Oracle is taking major action. The company's acquisition of Cerner, a medical records company, for $28billion last month was approved by regulators and is currently absorbing about 20000 employees

Oracle also recently won a contract to store data from U.S. users for tiktok, a video application owned by ByteDance. The deal could boost Oracle's ambitions in cloud computing as it tries to surpass cloud giants such as Amazon AWS

Oracle reported better than expected earnings in June, with revenue increasing by 5% year-on-year, and cloud computing revenue reaching $2.9 billion. Oracle cloud infrastructure, Oracle's cloud platform, still lags behind AWS, Microsoft and Google cloud in overall market share. (small)