Oracle layoffs hit Dyn team’s sales, marketing staffs
Article excerpt
Highlighted: the sentence this signal was extracted from
Oracle Dyn cuts sales and marketing jobs as Oracle plans to end some Dyn services in 2020. The layoffs come amid other Oracle downsizing as the vendor moves toward the cloud. Oracle laid off the sales and marketing staffs at its Dyn unit, a formerly independent DNS services provider it acquired in 2016 for $600 million. Dyn users are seeing "EOL" or end-of-life notices for products, and Oracle, Dyn's landlord, put its Manchester, N.H., office up for lease, leading some to speculate whether more Oracle layoffs are to come. The layoffs were confirmed by sources with knowledge of the moves, though Oracle declined to comment or provide any specifics. "As our cloud business grows, we will continually balance our resources and restructure our development group to help ensure we have the right people delivering the best cloud products to our customers around the world," a spokesperson said in a statement. The Oracle layoffs come after two reported earlier rounds of layoffs at the Dyn unit, and other recent downsizing moves by the global software giant, which has about 138,000 employees around the world. Laid-off employees at the domain name system division told the New Hampshire Union Leader that the Oracle layoffs numbered several dozen employees. While the newspaper also reported that the 100,000-square-foot office was put on the market for new lessors, Oracle responded via...
Keep reading with a free account
The rest of this article, and every signal for Oracle, is in your free account.
