Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times UK
International Business Times UK
Business
Vinay Patel

Oracle Cuts 700 More Jobs in California Despite Posting $17.2 Billion Revenue

From software engineers to sales, no department is safe as the company leaves its former HQ, showing a 22% revenue boost can't shield against the 'Tech Winter' cull. (Credit: Screenshot/X)

Oracle has delivered a devastating blow to hundreds of its California-based staff, following a major shift in the company's regional operations. Despite the tech giant reporting staggering quarterly revenues, the firm is moving ahead with significant redundancies across its historic Silicon Valley sites.

This sudden workforce reduction raises urgent questions about the human cost of corporate restructuring during a period of record financial gain.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.