Most of the cuts are in the Bay Area:
Today VMWare announced layoffs
Startups are where everything happens. Large companies find it cheaper and less risky to buy a startup to get new technology than to invest internally. Internal investment is always a gamble. You don't know when you start, if you will succeed. You can end up wasting a lot of money that way. Just look at OCI.
Buying a successful startup is a sure thing, you know exactly what you are getting for the money. All of the risk was taken by the startup, and all the other startups that might have tried to do the same thing and failed. Companies don't want to fund a thousand possible ideas just to see which turns out OK. Startups take care of all that. You just buy the one that worked.
How is the Oracle Startup Ecosystem doing?
Cute, but Oracle is hiring.
"Startups"..the wasteful re-invention of the wheel. The playgrounds of the VC's. The hip cesspool of wasting money. "Disruption" of industries. The tide needs to go back to internal R&D, promotion of people inside of companies who want change instead of looking for external "miracle workers".