The axe-man was right. Management met all this week behind closed doors. Hiring freezes are put into place. Layoffs will (and are currently) impacting Consulting this week. If you think you're safe behind NS, think again. It appears that the trend is that IC3's are being targeted (not sure exactly why or how accurate that is - just a rumor). What I can confirm is that it has impacted not only my department, but my team as well. Another observation (still, this is just speculation) is that utilization also might have something to do with who gets picked. Apparently HR claimed that this will be the 'only' time it hits NS - not sure how credible that is. If you're in this dept, you'll most likely have an answer by the end of the week on whether you are hit.
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Ok, some people in the NetSuite toronto office got hit 10 days ago. No one in upper management has a clue. Upper management, imo, has gone to a bunch of id–ts who don't even know what they are doing - just following orders until their time comes. Not even sure, if the ones laid off got severence pay or not.
If you are laid off American on the technical side, you are being replaced by cheaper work visa workers being brought to the US in your division or other divisions. The overall numbers of Oracle employees has not dropped significantly.
Oracle has always payed off bottom 10%, while keeping total headcount close to 130,000 worldwide.
It is what it is boys and girls, grow up.
Performance reviews are a joke until they are not.
Increase in salary, not if you are at Oracle.
Wake up, smell the roses, polish your skill set and look for other opportunities.
Starting a new job at a new company is better than being shifted sideways to answer to a different set of matrix managers in Oracle.
@The Ax-Man .. I supose you're right.. I was laid off last week. I am not in NS/ OCS. I was part of Chris Donato's NAA team under Tom Henry's CX org as an SE. Given 2 weeks notice and probably being replaced by freshers from tier 2 /3 universities...
Guys in the thread shouting about H1B visa workers are kinda wrong especially on the sales/ pre-sales side.. Its mainly younger cheaper college grads who are replacing us.
No posts here /netsuite
thelayoff.com/netsuite
@The Ax-Man
Are you aware of timeline of OCI layoffs that you said?
My guess is that it is all money driven. They have a spreadsheet of salaries and the highest ones get cut. Pure speculation on my part, but if top performers are getting hit, it probably is just a financial decision.
The Ax-Man here, reporting live to you from the Super Bowl in Miami. It’s halftime, so I have a minute to report out.
YES, elements of OCI (even in Seattle) WILL be affected. Small groups and some individual engineering and product mgmt teams will be eliminated at worst, downsized and absorbed into others at best.
OCI is not immune to the coming layoffs. Trust me, OCI will bet clipped and trimmed just like other groups at Oracle. Mostly non-strategic and Fusion/PaaS-centric groups left over from the TK days.
Is there any impact for OCI org in a month or two?
It’s tough to say how they’re picking people. What we thought was a one off situation a few weeks ago in our office has become more commonplace than people had thought. They’ve laid off plenty of different IC levels and sliced a chunk of PS and Sales management. While I do think utilization/ARR is in play here, I’ve also seen some of the highest performers get axed as well.
I brought the question point blank to my manager and she didn’t really have any insight as she works remote and doesn’t see what’s been going on the front lines in the office with interrelated departments.
We had a team meeting with our LOB management and they’ve said that we should not be worried but we all know how that goes.
I do feel like there is a very small circle of puppeteers pulling strings here because my gut feeling is telling me that even M4/M5s are clueless right now as well.
I was a laid off IC3 in professional services. It’s real
Oracle always reduces headcount of acquired companies after a few years, plus with all the other stuff going on - no surprise that NS is impacted
I'm no longer with Oracle, thank goodness, but there are still people there who I care about, so I check this site now and then. I was a senior director at Oracle and I'd estimate I laid off 40 people during my tenure. One day I had to lay off 14 people, all over the phone. It may sound trite, but it is an extremely painful thing to do. Plus, upper management makes the decisions, so you have no say. I got my own walking papers a few years ago. I got out of management and am now an IC. Oracle is the worst.
Axman has quickly become a universally loved presence on this forum for his accuracy and honesty. No opinions or put-downs .... just facts that largely have been borne out to be correct.
I for one look forward to more of his information and teachings.
Tbh a lot of these statements were things I've heard. It's important to note that I personally didn't speak with HR, it was just the person who told me that said that. Perhaps they were trying to calm me down? Perhaps they meant that HR were done with this period? In regards to the specificity of the message (IC level reference), I can see why you'd think this is false. As said multiple times in the original statement, I'm unsure of the validity of the specifics, except that the layoffs personally impacted my team - just trying to give you all the info I have as a heads up. It's important, as with all of these posts, to take them with a grain of salt. The purpose isn't to scare anyone, just make sure people are aware. Our company likes to surprise people rather than be upfront. Sorry if the post scared you. Please take care of yourselves and have a back up plan. @1izw+13gaRVDZ
And also, what is this?
It appears that the trend is that IC3's are being targeted (not sure exactly why or how accurate that is - just a rumor). What I can confirm is that it has impacted not only my department, but my team as well.
It appears ICSs are targeted, but that's just a rumor..... while saying it has impacted his team? Well, did you layoff IC3s on your team? Or don't you know who you laid off?
This post just doesn't pass the smell test.
I agree with @1iqz+13gaRVDZ. It should be obvious that HR can't be making any kind of statements like that. The axe man sounds legit, this post does not. What is the purpose of saying that only IC3s are affected. Are they targeting someone in NS that is an IC3 to scare them. This post just doesn't sound right to me.
Also, the prediction was for widespread layoffs, to decimate headcounts all over the company and to shut down lines of business. Now it's just layoffs in Consulting and NetSuite, More BS.
Actually two different people are saying two different things. One is talking about Netsuite and the other, the company as a whole. Two different sources, two different streams of information. One does not exclude the other. Netsuite got hit, it does not mean other plans aren't being planned or refined.
And that is your lesson in Logic 101 for the day.....There will be a quiz.
In the mean time, O brings over new work visa employees to replace American workers.
Will provide more updates on this week’s meetings, and what they mean, soon.
Why wait? Or do you need time to make stuff up?
NS layoffs are legit - about 100 people (US) affected
The Ax-Man here, reporting to you live from the 500 Building in Redwood Shores.
Will provide more updates on this week’s meetings, and what they mean, soon.
Layoffs will be beginning across the company in February and especially March. Executives across the company have now been given marching orders about the cuts they need to make. Now they need to make them, and the coming days and weeks will be filled with them becoming fellow Ax-Men .... determining which souls must go, and when.
Layoffs are continually happening across the company (as evidenced by NS) and will accelerate in the coming weeks.
It’s not easy being an Ax-Man, trust me.
Apparently HR claimed that this will be the 'only' time it hits NS
I call BS on that, They would NEVER say that. Not at Oracle, and not anywhere else. That kind of promise is not made, I don't care who your employer is.
Also, the prediction was for widespread layoffs, to decimate headcounts all over the company and to shut down lines of business. Now it's just layoffs in Consulting and NetSuite, More BS.
LE got his money does not need you now.