Thread regarding Oracle Corp. layoffs

We should be okay this week

Not even our upper management will let people go the week of Thanksgiving, at least in the States. International folks may not be so lucky!

This week will probably be devoted to reviewing the list provided to managers as to who will be chopped December 1st ( and figure out how the managers can obtain their growth goals despite the reduced staff)

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Post ID: @OP+1jNafRAv

5 replies (most recent on top)

It may be pathetic, but we were not riffed this week. December looms, January threatens. June hangs over us all..

Post ID: @3uvg+1jNafRAv

Oracle is Cerner now.
The old Oracle Is left to die
They know that can’t compete.
Things have changed and they accept that
& do not want to throw good money at what know will no longer work

Didn’t take long after CloudWorld for it to be known that Cloud isn’t what they thought.
They have to turn Cerner around.
Too much money invested, with too many issues. VA issues are not good.

Products with no investment is dead.
Healthcare and AI are what they seem to want.

This is a different day & time. This is not the typical annual layoff. A full fledged global depression is possible. This winter could take a lot of lives out. Heating; oil, natural gas costs + supply & demand? Supply is low . US has been selling reserves so supply is low as demand increases. Timing to cut supply was not good. Fuel shortage = food shortage.

Time to save and not spend. Those that spend we appreciate your contribution to the economy but sadly you are headed to serious issues. More bailout money will increase taxes beyond our reality. Venezuela seems to be the unfortunate similar path.

LE and SC aren’t stupid. The 60 billion plan was devised prior to CloudWorld by 2026. 50 billion projected FY 2023. Will be interesting to see they can pull it off. Oracle spending will have to be cut even more, soon

Think they might have a surprise because they aren’t going to jeopardize their $$.
Obvious more major changes are in store.
They’ll realize they have a shortage of producers and too much expensive middle mgmt. Mid mgmt is always the textbook cut and over 55 are the first to go .. even tho age discrimination is not practiced. Right. If they can find grounds to fire (which won’t be hard to find) more costs are cut.

Post ID: @qjh+1jNafRAv

It is pathetic that someone feels safe during Thanksgiving week from getting RIFd. I guess that there are those who wish to remain victims rather than taking control of their careers and finding something outside of Oracle. They’re making their own choices, so they will live with the consequences.

Post ID: @ugb+1jNafRAv
I just think it is a sad commentary that people are so shaken that they constantly have to even worry about it.

Indeed, and yet entirely explained by the *Oracle Doormat Principle".

Post ID: @hyt+1jNafRAv

I just think it is a sad commentary that people are so shaken that they constantly have to even worry about it. It happens yearly and even quarterly. The disregard of the employees is startling and I truly believe its going to come back to hurt them. Not too many former Oracle people are going to buy Oracle unless they had no choice. Most customers feel that way and Oracle likely knows but before they could be indifferent. I had customers flat out tell me they liked me but they will not be buying Oracle. No products nor cloud once they were able to reduce their footprint. Licensing and contracts have a few stuck for now. Sooner or later that will run out.

Post ID: @dpi+1jNafRAv

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