Oracle's big reorg feels more like the new normal. It said it will spend $432 million on restructuring and warned it might not be done for months.
When we asked Oracle about a hiring freeze in the UK, the company told us it is hiring people globally, including in its cloud unit, known as Oracle Cloud Infrastructure Generation 2 .
Another person we talked to, this one in the US, told us that there was also a US hiring freeze for some units that began in February, affecting organizations like sales. While those units may be hiring again, this person said that the freeze also sidelined promotions.Oracle needs to get its workforce in shape so that it can survive in this new age of cloud computing, in which it's late to the game and playing catch up to cloud giant.
"I feel used and shamefully treated," one of the would-be employees told us."I am not an aggrieved former employee but an individual contributor hired in an apparent growth area of business. And I never managed to start my position."Oracle execs may say something more about the restructuring on Wednesday, June 19, when the company reports its fiscal fourth quarter earnings.
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