By rssfeeds-admin 
(KRON) — Oracle is laying off 188 Bay Area workers in the latest round of ongoing tech layoffs. State filings indicate that the tech giant will cut 45 jobs at its Pleasanton office and 143 at its former headquarters on the Peninsula in Redwood City.
The layoffs are set to take effect on Oct. 13. State filings indicated the layoffs are permanent.
According to Bloomberg, the job cuts are in the tech giant’s cloud computing unit. Oracle’s layoffs come as the company is reportedly investing heavily in artificial intelligence.
Oracle moved its headquarters from the Bay Area to Austin, Texas in 2020. Last year, CEO Larry Ellison said the company would again be relocating its headquarters to Nashville, Tennessee to be closer to the health care industry.
In other tech layoff news this week, Block, the fintech company founded by Jack Dorsey, announced it would be cutting five jobs at its headquarters in Oakland.
Discover more from RSS Feeds Cloud
Subscribe to get the latest posts sent to your email.