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Oracle prepares to cut “1,300” European jobs

Oracle is preparing to make around 1,300 roles across its offices in Dublin, Amsterdam and Malaga redundant as part of a major European restructure, according to reports.

The Irish Times revealed on Wednesday (4 March) that the majority of job losses would hit the Dublin office, where 1,400 of Oracle’s European roles are currently based.

The move comes after turnover registered at the company’s primary Irish subsidiary fell from €8.5bn to €7.6bn between May 2017 and May 2018.

A spokesperson for the company said in a statement: “As our cloud business grows, we will continually balance our resources and restructure our teams to help ensure we have the right people delivering the best cloud products to our customers around the world.”

Staff have been invited to apply for other roles in the business.