Futu News on May 7, a number of Oracle Corp Chinese employees confirmed to reporters that Oracle Corp held a full meeting this morning to formally finalize the layoffs and adjustment of the China R & D Center, the first batch of which confirmed about 900 layoffs, of which more than 500 came from the Beijing R & D Center, while the entire CDC has a total of about 1600, which means that the number of the first batch of layoffs has reached nearly 60%. After the meeting, Oracle Corp China immediately began one-on-one interviews with the employees involved.
In fact, it is an internal consensus that CDC will be shut down altogether, and the second batch may take place in July.
On April 3, media reported that Oracle Corp's China Research and Development Center (CDC) might be completely closed. It is reported that the average age of engineers in China's R & D center is about 37, and they are under great pressure to find a new job and life after being laid off.
The following is the original notice of Oracle Corp Company, which was revealed by the media:
IT industry has been in a rapid change, the company through its own R & D investment and active acquisition strategy, to maintain a unique technology leading position, according to the market advantage.
At the same time, in the face of the rapidly changing business environment, it is necessary for us to make timely adjustments to the existing R & D system and business model from a strategic point of view to ensure that we continue to bring maximum value to our customers.
The challenge of our R & D team is global, involving the US headquarters and all overseas R & D teams. The adjustment of the Chinese R & D center is part of the global R & D team adjustment in order to optimize the configuration of the R & D team on a global scale.
Explore the best customers under the cloud technology model, and continue to expand our operational business.
So we have to make some very difficult decisions. Unfortunately, this decision will affect some of our colleagues in China's R & D department. After the meeting, our HR colleagues will meet alone with the affected team members.
To discuss the specific arrangements, please set aside time in the next two days so that you can attend the meeting at any time.
We know that the affected colleagues will face some difficulties and challenges. In addition to providing you with severance compensation that is higher than the national legal standard, the company will provide a reliable and professional career planning service to assist relevant colleagues to successfully complete the career transition.
All affected colleagues will have the opportunity to negotiate with the company to terminate the labor contract, so they can get additional severance compensation in addition to the statutory severance compensation, and more information can be further communicated in the follow-up 1-to-1 talks. local management human resources teams will further inform you of the detailed scheduling process for one-on-one meetings and answer questions that may be encountered.
We have informed the trade unions of the relevant Oracle Corp entities in China about the specific personnel adjustment plan. We fully understand that you will have different problems according to your own situation.
In addition to having the opportunity to ask questions during an one-on-one meeting with company representatives, you can also raise your questions with the trade union, which will convey the questions and opinions of the affected colleagues to the company.
Thank you for all your contributions to the company, and we will try our best to tide over this difficult period with you.
Wish you all find a home soon!