No major layoffs this past week. Total since 6/1/2016 remains 25,276.
Happy Holidays everybody!
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Microsoft’s reboot was due to a management change at the top. I don’t see that happening at O. The SF news doesn’t count.
Nobody can get IP addresses of anyone off this website. It would take a subpoena to request the IP address of any poster. Don't do anything anyone could get a subpoena for.
Heh. You are FAR too optimistic, my friend. S.C. is three steps ahead of you already. The spreadsheet analysis has been done.
The first round of layoffs for calendar year 2020 begins on Tuesday, January 7th.
- C. has already circulated memos telling management to begin cutting expenses. First up is minimizing travel expenses for 2H FY 2020, particularly for internal meetings. Trace expenses are going to be cut 50% starting immediately in the New Year.
Oracle is on a HUGE mandate to begin growing profits and EPS through cuts. Reason being is that share buyback sugar high through easy cash is pretty much done — Oracle has put itself in major debt and starved itself of cash over the past few years by buying back shares to prop up EPS. Can’t borrow any more money, so the REAL belt tightening begins right after the Holidays.
No joke, on very good authority. Serious layoffs start right after people get back. No group will be spared. Combine that with expense reduction, and Oracle will be following HP by “saving” and cutting its way to short term profits. Again a move that will only work as a sugar high for 1-2 years.
Seriously, get out while you can and while the economy is good
They need to clear house first. Lots of dishonest people need to be cleaned out.
SC is looking over her spreadsheets. If you thought MH was bad, I expect SC to be much worse. Nothing worse than an accountant in charge of the spreadsheets. My prediction is that there will be layoffs at the end of February and beginning of March. That's about enough time for her to look everything over and "melt" some people away.
I hope 2020 will be a turnaround year for Oracle. They still have goo products and lots of customers - just need a reboot like MSFT had back in 2014