Well-known Chinese news site Sohu recently reported that the U.S. software giant Oracle is in the middle of downsizing its workforce and that the plan may include eliminating its entire China Development Center (CDC). This may impact around 1,600 staff members currently working at that Center. According to information that some Chinese staff at CDC revealed, the first phase of the layoff includes 500 people from CDC; of those, 130 to 190 are cloud computing staff. Cloud computing is the area Oracle claimed to focus on for a greater head count instead of a reduction. CDC internal staff also described that the layoff was delivered in a very “rude” way and team after team were let go in bulk. However, Oracle does not officially acknowledge the downsizing and the only public communication indicated that the company was going through a re-organization process to shift the business focus on Oracle Cloud Infrastructure (OCI).
Source: Sohu, April 5, 2019
http://www.sohu.com/a/306138940_468650