Rumor has it the new orders for the global multi-phase layoffs are to occur monthly now. This Monday August 5th is the next round. Below are snippits and links to the articles explaining the new marching orders. Hundreds are to be let go the first Monday of every month on a regular cadence.
https://www.businessinsider.com/larry-ellison-explains-oracle-ongoing-restructuring-2019-6
Larry Ellison explains Oracle's restructuring and layoffs: Some of our business units are 'melting away' and 'we just don't care' Oracle has been conducting rolling layoffs worldwide since March, impacting all sorts of units, including its all-important cloud divisions.
On Wednesday, Oracle founder, chairman and CTO Larry Ellison gave some insight into what's going on, saying that some of Oracle's businesses "are melting away and we just don't care. We are focused on our star products and our star products are now driving our top line higher."
He said shrinking businesses included some old-school, on premises software products. That seems obvious as Oracle is now pushing its customers to buy the cloud versions of many of its products.
Oracle shutters R&D center in China.
Director of Oracle human resources for the Asia-Pacific region makes the following announcement:
Per orders from the U.S. headquarters, Oracle is planning to make some major changes to optimize its business structure, which will inevitably result in huge multi-phase staff reductions globally."
https://supchina.com/2019/05/09/oracle-to-lay-off-1600-staff-in-china/
Best wishes. Hope its not true but had to share the latest gossip and rumors from the water cooler. Better to have some warning and explanation than none at all. The gossip pointed out that the last two news worth rounds occurred on the first Monday of the month hitting in June and July. One member of the gossip team says he know a guy who knows this other guy who's cousin works in accounting. You know the drill.
Can anyone confirm?