Oracle Lays off Over 900 Staff Members in China With More to Cut in Future

Oracle is laying off over 900 staff members, mainly from the China Research and Development Center (CDC), as the conference call in the China area confirmed.

The Asia-Pacific region HR manager explained in the meeting that the company is reconstructing their businesses, which will result in global mass lay-off.

The first wave of confirmed laid-off workers were working on data bases, middleware and even cloud infrastructure services. Some of CDC’s businesses will be rearranged to other regions. And the second wave of dismissal will likely start in July, reporters from 21jingji were told.

2017 Oracle cloud world event in Shanghai
2017 Oracle cloud world event in Shanghai (Source: Oracle China)

The American multinational computer technology corporation has long been planning to shut down the CDC. Its campus and social recruitment, the two main ways of hiring in China, were shut down in the end of 2018.

Laid-off workers confirmed in the first wave have to sign the contract before May 22. The news came as a shock to some people, as even some who were supposed to be assigned to the U.S. headquarters were also dismissed.

Their compensation comes in N+6, N standing for years of working. If someone has worked for Oracle China for three years, he or she can get a nine-month salary as compensation.

Larry Ellison, CTO and founder of Oracle
Larry Ellison, CTO and founder of Oracle (Source: Oracle)

As part of the global lay-off, the company also cut over 300 workers in its U.S. section in March.

Featured Image Source: Oracle China