Oracle has reportedly laid off several developers from the Commercial Cloud business. The majority of these employees were working in Northern Ireland and Massachusetts in the United States.
Background of Oracle Commerce Cloud
On November 2, 2010, Oracle announced to acquire Art Technology Group, Inc. (ATG), a leading provider of eCommerce software and related on-demand commerce optimization applications for approximately $1 billion.
Oracle rebranded ATG as Oracle Commerce in 2015 as a software-as-a-Service solution and continued to upgrade it; however product never became a success, and the oracle was not able to make any mark in the crowded e-commerce cloud business. According to the Register, the Oracle Commercial cloud customers are still in the double digits.
Why this Oracle layoff happening
These job cuts are mainly due to falling shares in the commerce cloud business, and Oracles’ focus on modern Cloud-based offerings.
The exact layoff numbers are not out yet; however, multiple forums confirmed Oracle Commerce Cloud division’s layoff. This layoff severely impacts the Cambridge, Massachusetts U.S. office. No Oracle severance pay has been disclosed by Oracle.
After this major oracle layoff, many Oracle employees started a debate on Six-year Oracle veteran Clay Magouyrk’s role, the new executive vice president in charge of Oracle Cloud Infrastructure, based in Seattle, reporting to co-founder Larry Ellison, executive chairman, and chief technology officer.
Oracle corporation I.T. Unit has gone through multiple changes in the last three months. All of Oracle I.T. is now under Oracle Cloud Infrasture (OCI), which is surprising to many people. The new CIO reports to Clay Magouyrk, who is considered a young and bright person.
Oracle Corporation is a U.S. multinational technology corporation headquartered in California. Oracles’ main product line is database software and technology, modern cloud-based offerings, and enterprise software products. As a fact, Oracle was the second-largest software company by revenue and market capitalization in 2019