Thread regarding Oracle Corp. layoffs

Safe for now Next major 420 Million Dollar Layoff Predicted May 2nd 2023

I just saw that 184 people were let go on Tuesday Jan 3rd in Romania. It seems that Oracles new trend is the first Tuesday of the month. So I don't think many or maybe any layoffs will be made on Jan 17th as I originally thought.

Pretty sure everyone is safe for now. I do expect a massive layoff Tuesday May 2nd 2023. This will do two things. One it reinforces the new terrible Tuesday trend letting people go on the first Tuesday of the month.

And two it will clean the books with the remain 420 million severance package write off for FY23.

Original prediction based on 10q here
https://www.thelayoff.com/t/1kzOnk6k

I hope this helps people plan and prepare. At a minimum it may make Oracle change plans once they learn everyone knows it's coming.

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Post ID: @OP+1kHj4MXt

5 replies (most recent on top)

There will definitely be a RIF before May. For sure expect one this month or next

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Post ID: @2qap+1kHj4MXt
Safe for now Next major 420 Million Dollar Layoff Predicted May 2nd 2023

Cool. Now nobody has any excuse for not lining up a new job before the hammer comes down again.

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Post ID: @wsc+1kHj4MXt

They could do multiple regions over 2-3 weeks, NA might get it on 17 IMO.

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Post ID: @wif+1kHj4MXt

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