DURHAM – Oracle will make job cuts and layoffs, according to reporting from The Information that was also reported on Monday by Reuters.
Media company The Information, a publication focused on news from Silicon Valley’s technology sector, reported in July that Oracle, would consider layoffs as a part of a $1 billion cost-cutting proposal.
According to the most recent report, filed Monday, the company’s layoffs include those from the company’s headquarters in Austin, Texas, as well as some workers based in the company’s California offices that were formerly its headquarters.
WRAL TechWire has not yet confirmed whether any North Carolina residents were impacted by layoffs at Oracle. The company, which maintains a significant workforce in the Triangle and also has many other employees based in North Carolina, could not be reached for comment on this story.
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