BriefOracle Shuts Down Operations of Israeli Subsidiary Ravello
The announcement comes a month after Oracle started laying off dozens of Ravello employees
Last month, Oracle began laying off dozens of Ravello employees. Ravello constitutes a part of Oracle’s local research and development center, which employed 400 people earlier this year, 80 of them from Ravello.
Oracle is currently undergoing a wave of layoffs 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 would lay off hundreds of workers in the state.