Thread regarding Oracle Corp. layoffs

Oracle bloodbath continues

https://x.com/thejobchick

"Oracle Layoffs are intense.

  • Entire orgs are getting blindsided.

Cloud, Comms/Marketing, Engineering, Ops, Sales
Directors, ICs, even SVPs - all levels.

Remote and in-office. Top performers. Doesn’t matter.
People with 7, 13, 18, 20+ years at Oracle… gone!!

I was told- If you got the email for saying 'Project Updates' - that’s the bait.

You join the call.
An HR rep read a statement.
Access cut within 5 minutes.
Laptop wiped. That’s it.

  • Some management didn’t even know.
  • RIF decisions weren’t made by your manager.
  • Not even your manager’s manager.

People found out their reports were laid off AFTER the fact... then they got cut next.

SaaS execs were reportedly told:
“Cut 10–12% of workforce by end of year.”

And yes, I'm being told some H-1B workers are being impacted as well.

This morning:

  • SVPs laid off
  • Longtime employees ghosted by leadership
  • 1/3 of some teams already gone"

==============================================================

Other posts say Oracle Bangalore employees are working 1-2 hours daily and VPs visit the office 1 day a week only. True?

Oracle stock down almost $20 in the last week.


by
| 4557 views | | 1 reply (last ) | Reply
Post ID: @OP+1k49d6pq2

1 reply

Pretty sure it was who had the most unvested RSUs.

by
| | Reply
Post ID: @a1+1k49d6pq2

Post a reply

: