Thread regarding Oracle Corp. layoffs

You can see the direction.

Over the past month Oracle has a constant and steady decline. Soon it will be time to let more people go!

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Post ID: @OP+1s6f8k6r

23 replies (most recent on top)

You expect loyalty? They can’t even be loyal to a state for HQ!

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Post ID: @amzt+1s6f8k6r
no FOCAL! No raises

YES. Confirmed. A-s lickers will get something, not the rest of US

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Post ID: @8itl+1s6f8k6r

On another thread, someone said there was no FOCAL! No raises (again)!

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Post ID: @8iwo+1s6f8k6r

Oracle stock down $1.50 US today …
The trend continues.

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Post ID: @7yih+1s6f8k6r

Whatever your present role is today, it can change at a blink of the eye come June 1st. They can arbitrarily move you into entirely new roles, whether you’re qualified or not. Of course, they can also terminate you.

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Post ID: @7bdl+1s6f8k6r

They stopped reporting individual SAAS just for the same reason else CX would be dead by now.

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Post ID: @4jbs+1s6f8k6r

CX is worst compared to any division not just ORCL but across multiple places I have worked. Share price will go up if they just simply shut down CX.

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Post ID: @4zhp+1s6f8k6r
How would I be sadly misinformed if I work there and have for decades and know more about layoffs than you would. I also have multiple friends who left Oracle and work at Amazon and its disgusting how Amazon treats their workers. No work life balance. Oracle isn't perfect but no where is. Oracle is better than most.

Well Amazon is indeed very bad regarding work/life balance and Oracle is better in this regard. Salary raises are better though in Amazon. On-boarding salary is about the same for Software. As for mass lay-offs - from what I saw in CX so far, it's worse in Oracle, at least in that department.

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Post ID: @4jay+1s6f8k6r

"You can see the direction."

You can also smell the direction.

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Post ID: @3swn+1s6f8k6r

I pity anyone who chooses to stay at Oracle despite the clear warnings that have been there for many years. A once dominant player in the database market is now nothing more than a “fly on the wall” for both cloud and AI. A non-leader in the tech sector, never to gain market share. Oracle’s best days are long gone.

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Post ID: @3wup+1s6f8k6r

That’s funny & so true
I stand corrected
Definitely cream of the cr-p!

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Post ID: @3kev+1s6f8k6r

“That way they have the cream of the cr-p”

Fixed that for you!

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Post ID: @3ots+1s6f8k6r

Cream of the crop? Promotion by favoritism and not merit.

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Post ID: @3vcq+1s6f8k6r

I have seen top performers released!

  • attached to the wrong product
  • didn’t get along with their (bad) manager
  • quick, unplanned reorg
  • mismatched talent in wrong job
  • too old
  • too young

And the most common

  • salary/expense cuts
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Post ID: @2nnl+1s6f8k6r
You can see the direction.

Yes, it is as clear as day. Think of it as a roadmap. Here it is!

  • >💩💩💩
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Post ID: @1yzv+1s6f8k6r

Oracle has always, always laid off bottom 10% of non- performing personnel.
That way they have the cream of the crop.

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Post ID: @1pmq+1s6f8k6r

You could be there for decades, but don’t know that we have had constant rounds of layoffs? I guess that You might be in consulting and working on-site at customers, so you have not seen the long parade of people streaming out of their boss’s office. I have also seen it for decades.

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Post ID: @1png+1s6f8k6r

This is great news.
Looking forward to the increased shareholder value

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Post ID: @1ete+1s6f8k6r

How would I be sadly misinformed if I work there and have for decades and know more about layoffs than you would. I also have multiple friends who left Oracle and work at Amazon and its disgusting how Amazon treats their workers. No work life balance. Oracle isn't perfect but no where is. Oracle is better than most.

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Post ID: @eni+1s6f8k6r

stock down 2.25% today. Doesn’t sound like up to me.

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Post ID: @moe+1s6f8k6r

You are sadly misinformed. The only difference is that Oracle manages to hide its layoffs better than Amazon.

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Post ID: @ftk+1s6f8k6r

Stocks will always go up and down. Oracle hasn't had any massive layoffs in years unlike the money hungry Amazon, Google, Microsoft, etc. I'm Oracle4Life!!!!

https://techcrunch.com/2024/04/15/tech-layoffs-2023-list/#janlayoffs

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Post ID: @yre+1s6f8k6r

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