Call me paranoid, but I think they’re going to increase the layoffs in the last 3 or 4 months of 2019. There have been a lot of layoffs this year and it seems to me that they will want to conclude the year and go into 2020 with a significantly smaller workforce. Am I just being paranoid or is there any logic to my statement from your point of view?
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And don't forget all of the acquisitions Oracle does. they add headcount in a big way.
"(1) Oracle's fiscal year just started in June for FY20, we're in the middle of Q1, so the calendar year end isn't relevant to Oracle's reporting schedule. "
Shell game. Fiscal or calendar, who cares. It is what has actually happened that matters, not how you roll it up.
Took huge dump. Magic 8 Ball says its certain.
Though their number relatively stays constant, they’re reducing cost with every lay-off. They get rid of x people in high cost countries (UsS, etc.) and replace them with headcount in low cost countries (India,...).
OK, you're paranoid and misinformed.
(1) Oracle's fiscal year just started in June for FY20, we're in the middle of Q1, so the calendar year end isn't relevant to Oracle's reporting schedule.
(2) I don't concur that there's been "a lot" of layoffs this year. There have been about the same amount of layoffs as they've hired or acquired new people. Total headcount is still approximately 139K.
(3) I think the consensus is clear that Oracle is reducing headcount while hiring new people in parallel , so I don't agree that there will be significant reductions. I think the rif's will continue to be small, targeted and done under the radar just like they are now.
The need to layoff more people to reduce costs to improve EPS, now that the share buybacks need to be scaled down.