Thread regarding Oracle Corp. layoffs

Managers have been tasked with laying off 20% of sales team. They are doing this under the disguise of Performance Plans.

Oracle brags about business successes but their employees haven’t had a raise in 9 years. Many are international and want to stay in the country so they put up with it. Modern day slavery

Oracle need to restructure to be competitive. It is hardly make sense of Oracle import client representative from Vietnam and based in Singapore since the customer are in Vietnam. The management manage to hide this in the structure.

Oracle has released many long time (15 years and up) employees from their Food and Beverage Global Business Unit yesterday 6/17/20. It was a sever Oracle Axing. It had no mercy axing from sales, to remote services, implementation, project management, project specialists all the way up to the Director FBGBU Consulting North America. It has left a ripple effect through those employees who are still employed. They wonder why there is no loyalty. These big companies have way to many chiefs and not enough indians.

I used to work for Oracle. I got lay off today.

@2Hloi+125lGUIc
At Oracle Super big layoffs coming soon due to COVID. If you were hired recently you are definitely history.

Will this happen to China? All employees of CDC R&D are now waiting for releasing.

At Oracle Super big layoffs coming soon due to COVID. If you were hired recently you are definitely history.

retirement package and plan - HP k–led its pension plan a loooong time ago. It's been a 401K only for about 15 years
better internal management - subjective, but given how HP is swirling the bowl, I'd say no.
better coordination from the top management -subjective
raises and bonuses - also ended a long time ago. I knew people at HP who hadn't had a raise in over 10 years. HP's legendary profit sharing bonus program ended over 20 years ago.
no junior-high thugs - wanna bet?

As a former HP'er, I can tell you that The HP Way flew out the window when CF took over and never came back. And the layoffs under her watch were in the tens of thousands. If O was going to cut those kinds of numbers, they would announce it, as Wall St. rewards mass layoffs.

I never said HP was perfect. It's just much better than Oracle:

• retirement package and plan
• heads-up on how many people will be laid off
• better internal management
• better coordination from the top management
• raises and bonuses
• no junior-high thugs

It's better. But then, pretty much any place is better than Oracle.

they are an honest company trying to do right by their employees

How is laying off that many people "doing right?" HP isn't losing money. They are being let go to boost profits. As for the early retirement, it's just a voluntary layoff, with a slightly sweeter pot offered so oldsters will volunteer.

And then there was CF's reign of terror, when 10's of thousand lost their jobs and she defended her offshoring policies by saying "Americans don't have a God given right to a job". And then there was MH's own reign of terror. And don't kid yourself into believing that the current management is any better, it's still endless layoffs, which isn't surprising as HP Inc's printer business has shrunk drastically.

Once upon a time HP was a no layoff company. When times got tough everybody would take a 10% pay cut, which was restored when things got better.

"HP turned down the offer from Xerox, so that's done with."

I wouldn't be so sure of that,

What is the outlook for OMC? Asking for a friend.

It could be worse. HP Inc has announced that 9000 are being let go, and they just had a fully subscribed early retirement program, AND Xerox wants to buy them out, meaning more layoffs.

We talk here about ORCL swirling the bowl, but both HP Inc and HP Enterprise really are swirling the bowl.

HP turned down the offer from Xerox, so that's done with. Yeah, they announced layoffs, they are an honest company trying to do right by their employees. Oracle's layoffs are never announced, they are sprung on employees.

The retirement plan is a really a good deal. Oracle should do the same. I know people that would take it if there was one.

40 people in cx laid off today and more cuts coming in June. Time for those standing to start looking for new jobs with thriving companies.

Sometimes I think the pre-announced layoffs are done so that the deadwood leave on their own, and the company saves on the severance.

The deadwood is never the first to leave at any company. Making the environment sh–ty at Oracle only makes the better people leave.

Think about it, put yourself in the place of some deadwood, some guy that can BS on any subject but has no idea how to do his actual job. This guy has only a couple of options, as I see it: 1) He can attach himself to a manager and do that manager's dirty work (I know people like that) or 2) he can try to move to another place in Oracle, BS-ing all the way. If there are enough clueless people where he is going then that can be done.

But, leaving the company is difficult. You face interviewing with people who actually know what they are doing. Only the best leave the company. Deadwood never leaves on their own. They have to be laid off, that's the only way. Oracle has dragged the layoffs out so long that the better people are the ones leaving on their own.

@125lGUIc-ddnw I'm not sure I can believe that, or maybe there's more to it. I am in Support and a month or so ago the cloud execs fought to have cloud support issues in our specific product group (which would be part of the cloud infrastructure) bypass support and go directly to development -> and the cloud execs won that battle.
But, the upper management in the development area for our product group got the decision reversed because:
1) development is not set up for, or have the manpower to handle service requests
2) if the developers are busy solving support-related issues then who is going to be doing the "developing"

So i guess that means that today support for cloud moved to dev? I haven't seen any announcements or heard anything. All of cloud support? Seems unlikely.

@125lGUIc-cwzb, it's true, they moved support for Cloud, Cloud infrastructure (the engineered systems and software needed for the cloud to Development. They took it away from Support and put it in Dev. I have friends who support those products who are going, starting tomorrow.

I'm not in those groups so I don't know how things were working before, so this sounds like it could be a GOOD thing, but that remains to be seen.

I have heard another re-org is going to happen in Dec, not as massive as June. Anyone else hearing anything similar?

The only people who bail after an announcement are those who were already thinking of leaving, especially those who have received bad reviews or are on probation. Then the layoffs happen and plenty are still caught off guard, thinking that because they've had good annual reviews, the project they were on was important or they were the boss's pal that they were safe.

Now, if they told you that YOUR position is going to be eliminated in say 8 months, that would be different. But outside of early retirement programs, nobody does that, do they?

So instead they announce future lay offs, and you are left wondering what you should do. Because only a small fraction will be let go, and they're all dead wood anyway, right? Not valuable people like you. But then again, so and so was let go last time, and he was well regarded and valued. Or so you thought.

Sometimes I think the pre-announced layoffs are done so that the deadwood leave on their own, and the company saves on the severance.

It could be worse. HP Inc has announced that 9000 are being let go, and they just had a fully subscribed early retirement program, AND Xerox wants to buy them out, meaning more layoffs.

We talk here about ORCL swirling the bowl, but both HP Inc and HP Enterprise really are swirling the bowl.

Wouldn't it be nice if Oracle could let people honestly know when layoffs are coming or if they need to reduce headcount? At least you would know the status of the company you work in. HP is not worse, it's much better, more honesty in the management.

I know someone who is planning on taking their retirement plan. They are definitely not unhappy with HP. They are glad to be paid-out and the pay-out is good.

I dare Oracle to honestly put up an early retirement program. They want the older people to leave, but they prefer them to be screwed over instead, to force them out and save money so they can give it to the TWO CEOs, both on the top-ten list for highest paid CEOs, where the other CEOs on the list are single CEOs.

Oracle is just a money-making scam for the people at the top.

"Share any updates you may have about Oracle Layoffs 2020? Any news or rumors?"

Isn't that the point of this WHOLE ENTIRE SITE????

Our logging platform team is gone and we're being forced to use LJ. LJ s—s.

Give it a few more years and it will get worse

Nothing lasts forever.

I don’t think we’re done yet for 2019.

@125lGUIc-1xyf Give it a few more years and it will get worse

It could be worse. HP Inc has announced that 9000 are being let go, and they just had a fully subscribed early retirement program, AND Xerox wants to buy them out, meaning more layoffs.

We talk here about ORCL swirling the bowl, but both HP Inc and HP Enterprise really are swirling the bowl.

Pack your bags, O hates you.

The big one is rumored for mid April.

every. single. year.

and it started again in France ....

Rest assured, you will be informed here LOL