FAKE AX MAN ALERT.
You are nothing like the REAL Ax-Man.
Jealous impostor.
10 replies (most recent on top)
Axeman here. Messaging you from the toilet at a San Fran McDonalds right now. Make sure you are on Slack right now. Management is babysitting.
No I do not think it will CAUSE layoffs. I think it will be a convenient excuse to HAVE layoffs.
Thank you Ax-Man!
The Ax-Man here, coming to you live from an undisclosed hunker-down bunker on the Peninsula near Oracle HQ.
YES, Oracle will be taking advantage of the corona virus situation to make layoffs, but not immediately or in any obvious or blatant way. For now, jobs are safe and layoffs will be suspended for the coming few weeks.
In the near future, they will be resuming, however. Company leadership actually intends to take advantage of the situation (after the worst of coronavirus and self-isolation passes) to accelerate cuts when the curve of infection turns more favorable.
The purpose of this is two-fold:
1) To get some public kudos for not being heartless and for supporting employees during this time of crisis
2) to not let this opportunity go to waste, and to strike at the opportune time to achieve more layoffs faster, while the media and industry are distracted with the recovery phase.
Oracle leadership has actually been discussing providing employees with a one-time bonus as a goodwill gesture to help get through the hard times, and to give the company some DIRELY NEEDED positive press.
However, this is looking less and less likely to happen due to the expenditure of valuable cash reserves and zero desire for any sort of reduction or sacrifice in top leadership compensation. So this bonus idea has effectively become dead in the past 24-48 hours.
Layoffs will resume, and with a vengeance, when things improve. Enjoy your reprieve for now.
With Oracle, how could you tell? SNAFU.
If you are supporting any real large cloud environments, IaaS, SaaS, remote access, etc you are plenty busy right now. I guess if you are selling that stuff now too.
- yes, there will be layoffs
- many companies will do furloughs
- some companies will do the both
- now it'd be good time to work for the governement
- oracle will be hit hard, but the impact will not be immediate
- most hits will be in businesses that deal with tourism, oil and restaurants
even Safra wouldnt let people go in these conditions
At Oracle or nationwide and cross-industry?
There is about one million jobs that got lost already in the hospitality industry.