MANCHESTER — Dozens of employees at Oracle + Dyn — one of the Millyard’s biggest employers — learned Tuesday they were being laid off in at least the third wave of job cuts since March.
The company is eliminating its entire sales and marketing department, according to several workers.
As of a year ago, Oracle + Dyn employed about 400 workers in Manchester, but cut a reported 30 workers in March and another batch in mid-June before Tuesday’s round of layoffs.
Workers were told Tuesday that they would be paid through July 26 to give them time to look for a job internally at Oracle before they would be let go. Severance would be offered at that time.
Some workers longed for the days when Dyn was a startup that rose to high-tech prominence through its internet data traffic management services.
Oracle bought it for a reported $600 million in late 2016. Dyn is now a business unit within Oracle.
“Dyn was a family,” said one worker who was laid off in mid-June. “Dyn was about celebrating a colleague getting his first house (or having a child). Oracle is all corporate. I feel with Oracle stepping in, anyone and everyone could be easily replaced.”
Oracle didn’t say how many jobs were cut but confirmed this week that the company was negotiating to extend its lease at 150 Dow St. The landlord had put Oracle’s 100,000-plus square feet on the market for lease, prompting questions about the company’s future in the Millyard.
“Since March, Oracle has been conducting rolling layoffs worldwide,” Mayor Joyce Craig said in a statement. “And while Manchester isn’t the only community affected, Oracle’s decision to lay off a significant number of employees so soon after expressing their desire to stay in our community is upsetting and disappointing.”
The mayor’s office didn’t know this year’s total number of Oracle job losses, but Craig was hopeful laid-off workers would find another job quickly.
“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,” she said.
Competitor is hiring
At least one Oracle competitor, NS1, scooped up some of the Oracle workers who were let go in March.
“NS1 has been speaking with some displaced Oracle workers and has already hired from customer success, support and sales,” said NS1 founder and CEO Kris Beevers.
“It was a tough day for folks at Oracle and Dyn. It’s been a tough few months actually,” Beevers said by email. “The news certainly impacts the company, but more importantly the employees and their families. We want to be sensitive to that.”
The company, which has job openings in Manchester, said it is growing in the domain name system and traffic management sector. “These people have great skills and we’d love to keep them employed and thriving in their industry,” Beevers said.
NS1 employs about 20 people in Manchester.
Some of the workers laid off on Tuesday packed up their personal items and left that morning.
“It kind of leaves a bad taste in your mouth,” said one teary-eyed worker who carried items from the building.
Missing her co-workers would be the “hardest part,” she said.
Several workers interviewed Tuesday said rumors have circulated within the company about a reduction in staffing.
“You don’t know how much life to breathe into the rumors until something happens,” said one laid-off worker.
On Monday, Oracle released a statement that suggested changes but didn’t specifically confirm layoffs.
“As our cloud business grows, we will continually balance our resources and restructure our development group to help ensure we have the right people delivering the best cloud products to our customers around the world,” wrote Oracle’s Deborah Hellinger in the statement.