Take a deep breath. It’s Friday. I’m Jordan Parker Erb, and today I’m taking you inside the “complete chaos” at Oracle as layoffs and restructuring roil the database giant.
Let’s get to it.
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1. Oracle insiders describe “complete chaos” from layoffs and restructuring. Earlier this week, Oracle began a sizable layoff, potentially impacting thousands of employees — and those who haven’t yet been laid off are scrambling to figure out whether they’ll be next.
The hardest-hit units, current and former employees said, were in the marketing and customer experience divisions. Some marketing teams have seen their headcount slashed by anywhere from 30% to 50%.
In some cases, they said, managers were given the choice of who would get cut, while others had no say in how the layoffs would affect their teams.
The Advertising and Customer Experience team was said to have been cut, too. “The common verb to describe ACX is that they were obliterated,” one employee said.
This leaked org chart shows Oracle’s cloud leaders after the company’s major organizational changes.
A look inside Oracle over the past week.
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FTC chair Lina Khan
Graeme Jennings/Pool via REUTERS
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Source:: Business Insider