Oracle Laying Off Dozens of Employees in Israel
The cutbacks will affect workers employed by Oracle’s local cloud applications subsidiary Ravello, which it acquired in 2016 for $430 million
The company has yet to reply to Calcalist’s request for comment.
The current wave of layoffs in Israel is part of a larger wave that began in May and encompasses the entire global company. In March, the Redwood City, California-based company told the California Employment Development Department that it will lay off hundreds of workers in the state.