Thread regarding Oracle Corp. layoffs

Israel Layoffs

Ravello / Israel - small cuts:

US tech giant Oracle is laying off dozens of Ravello employees in Israel, sources have told "Globes." Ravello's development center in Israel has 70-80 employees, more than half of whom have been summoned to pre-layoff hearings next week. Oracle acquired Ravello in 2016 for $500 million and added it to its public cloud division.

Source: https://en.globes.co.il/en/article-oracle-to-lay-off-over-half-ravello-employees-in-israel-1001290055

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Post ID: @ZC49sLa

4 replies (most recent on top)

Slash and burn strategy at work, that’s what T–d is known for

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Post ID: @ZC49sLa-1pwi

Instead of getting rid of the corrupted sales management in Israel and many overlays

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Post ID: @ZC49sLa-1zpb

Slashing and burning as desperation sets in

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Post ID: @ZC49sLa-apj

Last month, Oracle closed its accelerator in Israel after two years of activity. The accelerator, which was managed by Noam Inbar, operated in Sarona in Tel Aviv

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Post ID: @ZC49sLa-swd

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