Thread regarding Oracle Corp. layoffs

Expecting more layoffs to come

Well expected results for Q3. Oracle's operating expenses were so high and I expected Oracle to play down with restructuring. Oracle also handles litigation, acquisition expenses as part of its restructuring in addition to layoffs. This Quarter Oracle had to deal with lots of litigations so it really didn't focused much on Layoff.

Oracle is slow and steady and still operating in Profit mode despite industry down. Oracle employees are already low paid in markets (other than cloud division) compared to its competitors. Letting them go has its own impact. Oracle handled this situation perfectly till date.

Oracle has to bring the operating expenses of R&D, Sales and Cloud services. So expect a trim down in projects and layoffs in these areas for sure. Internal and Non-revenue projects in these areas beware. Legacy projects / components to be dropped support and let go.

With Government trying to increase interest rate and raise unemployment rate. Expect more layoffs to come. If you get out this time, its hard to find new job in market. Be prepared for it.
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Great post, @2xhb+1lz9DQXB

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| 5098 views | | 5 replies (last March 20, 2023)
Post ID: @OP+1lCyHVXK

5 replies (most recent on top)

Time to shake overly paid and arrogant OCI org.

this is the year. it will happen.
AI will do a better job.

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Post ID: @7nmz+1lCyHVXK

Time to shake overly paid and arrogant OCI org.

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Post ID: @3igi+1lCyHVXK

There will always be layoffs at Oracle! It is one of the few management tools that our folks can handle, perhaps because of their vast experience with wielding it.

Think about how many ex employees that are now in senior positions in the very company you are striving to increase consumption. Good luck!

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Post ID: @2qgg+1lCyHVXK

Expect typical annual restructuring. Lots of trolls on this site just wanting to cause anxiety. Probably do not even work at oracle.

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Post ID: @2ltk+1lCyHVXK

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