If we survive this week we are bound to stay on for rest of year without getting laid off
I dont see any lay offs in usa east coast
8 replies (most recent on top)
Bean counters rule the world. All Catz knows is finance, some every thing looks like a way to cut, slash and restrict.
Here is the top ten list of companies that have ever been successful by cutting, riffing and slashing:
1.
2.
3.
4.
5.
6.
7.
8.
9.
10,
SC has 11k "finance and deal management" people working for her. Also business policies, legal, but not technical or engineering people. So rarely will you see them be part of a major rif - they're the keeper of the rules and policies and while they do get reorg'd and lose people - it's not the same as MH and Larry product people getting rif'd. MH has sales and support, Larry has engineering - those are the groups that cost the most.
but on-premise also doesn't have much future so why not layoffs there as well?
On-prem has the only engineers skilled enough to help keep SM's SaaS monstrosity running. If you lay them off, FA will implode. There's no way SM's people could keep that thing running on their own.
Here is the deal - OCI was indeed supposed to be the future but turned out to be monumental pile of manure, combined with almost nonexistent investments in actual cloud infrastructure. Also they are paid king’s ransom and I can see how tempting it would be to cut costs there, they are certainly not profitable on their own.
@Y8bYDQM-1hfs - who are you that you know that 500 more layoffs are being planned? If OCI is supposed to be the future, why would they layoff so many people - also what do you consider OCI/OCIC orgs - DJs org? Anyone else included in that. I can understand that if OCI-C is being replaced by OCI then maybe there would be layoffs but on-premise also doesn't have much future so why not layoffs there as well? Likewise in the Apps area. Why are people only talking about layoffs in the one area that is supposed to be the growth area (aside from autonomous database).
Also, SC has 11000 people working for her. Why does no one talk about layoffs in her org? Seems like there could be a lot of deadwood there (starting at the top).
This week is only the beginning. The WARN act will apply for some of the California based people.
Multiple groups will be impacted.
The oci/ocic group will shrink by 1300 people.
They are already planning an additional 500+ for the coming months as “performance related”
That is all.
ORCL RIFs are not geographical ("east coast"), they are divisional. Nashua (NH), Reston (VA), Broomfield(CO), HQ, Bangalore, work at home in North Sentinel Island, doesn't matter, the RIF reaper will find you.
If the company continues to go downhill as fast as it has been, no one is safe.