Oracle Layoffs Coming Up 2024. According to a report by channel futures, several hundred employees within the oracle cloud infrastructure (oci) unit have been laid off. We recorded $243 million of restructuring expenses in connection with the 2024 restructuring plan in the first half of fiscal 2024 and we expect to.
Oracle will report second quarter fiscal 2024 earnings results after the closing bell monday. Software firm oracle on thursday laid off hundreds of employees, rescinded job offers and cut back open positions within its health unit, the insider reported, citing three.