MANCHESTER, NH – On Tuesday, employees at Oracle + Dyn learned of layoffs according to reports from the New Hampshire Union Leader.
The layoffs were part of a larger restructuring at Oracle that has seen an unspecified number of layoffs occur elsewhere in the company earlier this year, following past restricting costs filed with the U.S. Securities and Exchange Commission in recent years.
Manchester Mayor Joyce Craig noted Tuesday that Manchester isn’t the only community facing layoffs of Oracle employees, calling the move upsetting and disappointing, after earlier indications that the layoffs would not occur. In a statement, the mayor voiced her support for the laid-off employees.
“Given that Manchester is a hub of innovation and industry and has a thriving ecosystem of businesses in a variety of fields, I’m hopeful these talented employees will find new and better job opportunities in our community,” said Craig. “I feel for the employees and their families. The City of Manchester and our business community are ready to assist them in any way we can.”
Dyn opened its Manchester headquarters in 2012 before being purchased by Oracle for $600 million in November 2016.