Ax–man posted big layoffs in April. Still not happening. Maybe they were waiting for the results of the Israel deal? Will those layoffs still happen?
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Axe Man said "... Oracle is going to be a different place come Monday. Check the HR reporting system early next week."
According to my calendar it's Saturday, which if I'm not mistaken is two days before the aforementioned Monday.
Let's not jump any guns, we'll see what thing look like mid next week.
Appears that he is now the Dull Axe Man!
Post from TheLayoff.com
It sure did. Ax Man was correct. As usual.
Aaaaand ... nothing happened.
Major things going down late this week.
Oracle is going to be a different place come Monday. Check the HR reporting system early next week.
The Ax-Man
Oracle HR trolls this site because, well, they are trolls. They literally do nothing. They have po-p on their noses. I love they can’t figure out the current employees trashing the company. Hahahaha
Never figured out why Oracle HR pays so much attention to this site and then makes obvious troll posts here that are so sunny and positive that they seem utterly hallucinogenic and delusional. Zero basis in anything resembling reality.
It is interesting to see that the Oracle Legal response to the OCI lawsuit does mention this site and Blind as venues where the lawsuit has been mentioned and discussed.
Again, further proof that this site is carefully and closely monitored by Oracle HR and Legal teams.
Also makes it much more compelling for FORMER Oracle employees to post here than current employees. At least as former employees, we can’t lose our pathetic Oracle jobs.
Good job, troll!
Oh yeah, Oracle's great!
OCI is a disaster – lawsuit posted, one dead.
NetSuite is a disaster – sales and marketing lying to customers about having features that don't exist –– lawsuit posted.
Cloud fraud for years. Customers paying through the nose for cr–p they will never use to avoid audit fees.
LE hiding the real cloud numbers from the public while talking it up and putting billions of dollars into propping up the stock.
Oracle is a disaster. Get out as soon as you can. There are real companies in the world.
Oracle PR & HR collaborate yet again to create another hallucinatory masterpiece here. LoLoL !!
I have never, ever seen a more convincing, but utterly false, FUD spreader here than Ax–Man. Nothing … and I mean NOTHING … he or she says is accurate, nor has it ever been.
All made up garbage and a produce of a master troller’s delusional mind.
The following that this individual has developed here is totally pathetic. He is playing into everyone’s worst fears and stereotypes about the actually very competent Oracle management and leadership.
Oracle is thriving and becoming (again) a leading company in its key markets. Oracle is developing the next generation of leaders and is morphing into the next great tech company of the cloud’s second wave.
Oracle’s future could not be brighter.
Oracle is attracting, creating and richly compensating the next generation of software industry leaders.
Oracle is THE future leader in the technology industry.
Global NA Hub laid off like 80% in April.
Loiaza org is finally being eliminated. Good riddance.
“ Once again, Oracle is behind the times, out of step and not innovative in any way. Glad I told that OCI recruiter I’m not interested.”
Then why are you here?
“ stack–ranking and 10–15% annual forced poor–performance purge. This would be coupled with the formal introduction of PIPs and associated processes (including dev plans as a half–PIP step). This would be started in OCI ...”
Once again, Oracle is behind the times, out of step and not innovative in any way. Glad I told that OCI recruiter I’m not interested.
The formal purge of the bottom 10% is not going to work at Oracle. Management is too corrupt and will lie. Also reviews are not mandatory. No one paying any attention what the management does.
Will there be layoffs in may that are beyond marketing? Other thread says “the big one” is coming in may.
Old hat. The April layoff was executed in the first 10 days of April. Around 1.200 people worldwide, but very very few in the US. No single reduction enough to trigger EU warnings. Mostly performance and salary–based at this point. OCI has not been hit and is stable (other than pure performance firings).
There is current discussion among management of formalizing a true AWS–style stack–ranking and 10–15% annual forced poor–performance purge. This would be coupled with the formal introduction of PIPs and associated processes (including dev plans as a half–PIP step). This would be started in OCI and related organizations, and expanded over 12–18 months into the Miranda and Mendelsohn/Loiaza organizations.
The Ax–Man
What about the original RIF you were talking about in April?
I have heard of the Marketing RIF coming soon as well. This is going to extend all across Product Marketing on all teams.
I am hearing bottom 20 percent on all teams. Also hearing that long tenured (10–12+ years at Oracle) and higher salaries employees will be focused on and scrutinized.
Purpose is to make way for younger employees with more cloud marketing experience, focusing on hires in the Seattle and Austin areas. This reduces salaries from the Bay Area somewhat. Oracle will also be issuing more RSUs to marketing teams as part of total comp to make up for salaries that may be below other companies. Similar comp approach to AWS as mandated by AK.
Goal is to turn Oracle Marketing into a more modern and focused organization, se–emphasizing legacy people and practices that have ossified the marketing.
More to come soon. I am not directly involved or indirectly involved with all of this, but have direct knowledge of it. It is coming 100% out of corporate marketing leadership.
The Ax–Man
Legacy is not going away for next 2 years at least, given the chip shortage.
Time to scrap legacy once and for all. Take it out behind the woodshed and put it out of its misery. It's the humane thing to do
Legacy is not going away for next 2 years atleast, given the chip shortage.
Will there still be big layoffs in April?
Yes. Everyone I've spoken to says your division is scheduled to be eliminated first.
Big layoff in the Hub last week, about 70% of them let go. I believe the bulk of them were in the US.
So, there WAS a rather sizable layoff in April – sizable for the customer service group.
Rif in mid May in marketing, new CMO will cut older employees so he can bring in his recruits from AWS. His directs will trim off their legacy FTE to make room for their FY22 external new hires. They will pay double to replace the headcount in FY22 but the excercise is to make up for marketing being over budget in FY21.