Oracle Global Services Romania, owned by the American company Oracle Systems Corporation, has reduced its operations in Bucharest by closing its office in the Floreasca Park business building and giving up part of its leased space in Oregon Park. This decision, made by the parent company in December 2024, was cited by Economica.net.
Oracle Global Services Romania is one of the entities through which the American giant Oracle, the world’s largest software producer, operates in the Romanian market. The other Oracle-owned company in Romania is Oracle Romania.
According to a company decision from December 2, 2024, published in the Official Gazetee, Oracle Global Services Romania has closed its office in Floreasca Park, located at 43 Șoseaua Pipera (Building B, ground floor). Additionally, it has downsized its Oregon Park operations by relinquishing its leased space on the 5th floor of the same office building.
The sublease contract for the Oregon Park office, in its updated form (excluding the 5th-floor space), has been extended until the end of 2031.
Oracle Global Services Romania reported a net turnover of over 518 million lei in 2023, more than 15% lower than in 2022. However, the company’s net profit for 2023 reached 18.3 million lei—at least three times higher than in 2022—according to financial statements.
Throughout 2023, the company employed an average of 1,791 people, a decrease of 437 employees compared to 2022.
What happened? No more viable slave labourers any more! Bye bye and don’t forget to send a post card.