Insiders describe 'complete chaos' at Oracle following layoffs and restructuring
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.
By the way, apologies for the slight delay this morning — we had a technical issue. (Fitting for a tech newsletter!)
Let's get to it.
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.
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