The local impact of a $502 million restructuring plan by Oracle remains unclear as the software firm looks to trim its hardware business amid declining revenue in an increasingly cloud-dependent landscape.
There have been unconfirmed reports of layoffs at the Broomfield campus — up to 200 workers, according to anonymous postings on discussion site The Layoff — but Oracle declined comment and no notice has been filed with the Colorado Department of Labor.
A WARN (Worker Adjustment and Retraining Notification) is warranted if the reductions at one location constitute more than a third of the workforce at that site.
WARNs were filed in Austin, Texas, for the elimination of 71 positions and in Santa Clara, Calif., for cuts of up to 450, as reported by local media.
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