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200 jobs may go at Oracle Ireland amid wider cuts plan

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More than 200 jobs could be in jeopardy at Oracle’s Irish base as part of wider European restructuring at the enterprise software company.

Staff at Oracle’s Eastpoint campus in Dublin - where more than 1,400 are employed - were called this afternoon to a meeting where senior managers outlined restructuring plans and advised workers in sales, business development and engineering that they may be required to apply for new roles.

An Oracle spokeswoman declined to confirm the potential scale of job losses, but did confirm that the firm may restructure its European operations.

These include possible staff cuts at Oracle’s offices in Amsterdam and Malaga, Spain, involving potential European-wide job cuts exceeding 1,000, it is understood.

Oracle said in a statement: “As our cloud business grows, we will continually balance our resources and restructure our teams to help ensure we have the right people delivering the best cloud products to our customers around the world.”

The mooted restructuring follows two quarters of disappointing earnings for the Redwood City, California-based tech giant. Its most recent figures for the second quarter of fiscal 2020 showed revenues of $9.61bn (€8.63bn), below analyst expectations, including a 7pc drop in sales in its licensing division for cloud and on-site services.

Online Editors