Oracle reportedly undergoing round of layoffs
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The cuts come as the software giant invests billions of dollars in expanding its artificial intelligence infrastructure.
Oracle's layoffs affect more than 230 software developers and an additional 48 software development employees in Washington and include workers in senior director and vice president roles.
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As part of a nationwide wave of Oracle layoffs that will affect thousands, 539 Oracle Cerner employees will lose their jobs in Kansas City. Those positions are at the Innovations Campus, which at one time envisioned holding as many as 16,000 employees.
Oracle has not confirmed how many employees are affected. But investment bank TD Cowen estimates the cuts could total between 20,000 and 30,000 workers—roughly 18 percent of its global workforce of about 162,000—according to the Next Web.
The global tech company filed a notice with the state showing that hundreds of employees across numerous roles will lose their jobs.