Tech giant Oracle laid off 201 employees in its former headquarters in Redwood City and nearby Belmont, adding to the Bay Area’s wave of job cuts.
The company, which previously moved its headquarters to Austin, Texas, notified state officials that the layoffs occurred last week. Oracle said its Redwood Shores office would remain open in the state filing.
Website the Information previously reported that Oracle planned to lay off thousands of workers globally as it seeks $1 billion in savings. It bought health care tech company Cerner for $28 billion in June.
Oracle’s layoffs are the latest in widespread downsizings, particularly in the tech industry, as the economy slows, inflation remains high and interest rates rise. Real estate news website Bisnow first reported the Oracle layoffs.
Last month, Gap said it would lay off 500 workers globally, and 111 workers were affected in its San Francisco headquarters, according to a state filing. Cloud computing firm Twilio also listed 108 layoffs in the city, part of an 11% cut of its workforce, which totaled 7,867 at the end of last year. In August, Robinhood said 146 workers would be laid off in Menlo Park, part of cuts that will affect almost a quarter of the company’s employees.