|
Getting your Trinity Audio player ready...
|
Oracle plans to lay off more than 650 employees across the Bay Area, including 310 in Redwood City. It also plans to lay off 50 employees in Santa Monica.
According to public notices filed in early April, the tech giant plans to lay off 184 positions in Santa Clara, 158 positions in Pleasanton and 310 positions in Redwood City.
Of the employees impacted in Redwood City, over half of the positions were software developers or in software development management, according to the company’s public WARN notice filed with the state’s Employment Development Department.
Employees who are affected in Silicon Valley are located at 500 Oracle Parkway in Redwood Shores, 230 Leonard Stocking Dr. in Santa Clara, and 5815 Owens Dr. in Pleasanton. Affected employees will depart by June 1, according to Oracle’s public WARN notice.
With this round of layoffs, the company has cut over 1,100 positions in California alone since October.
Globally, the company has reduced its staff to 162,000, and last fall, it cut hundreds of employees to invest in data centers that will power artificial intelligence models.
“The demand for cloud computing for AI training and inferencing continues to grow faster than supply,” Oracle wrote in its most recent quarterly earnings report in March. “AI models for generating computer code have become so efficient that we have been restructuring our product development teams into smaller, more agile and productive groups.
“This new AI Code Generation technology is enabling us to build more software in less time with fewer people.”
California has the highest unemployment rate in the nation, at 5.4% in January compared to the national average of 4.3%, according to data from the U.S. Bureau of Labor Statistics. The unemployment rate in California has ticked up slowly from 4.4% since January 2023 amid widespread layoffs among large technology companies in Silicon Valley.
Amazon laid off hundreds of workers in Silicon Valley this year and announced a plan to reduce its corporate workforce by 16,000 people nationwide, its second major round of layoffs since October. Meta has indicated plans to lay off over 800 employees in Silicon Valley since October.
YouTube 'auditor' provoked, pepper-sprayed shopper at Mountain View Costco, police sayApril 8, 2026 12:23 pm
