Should have already been a blood bath.
http://www.informationweek.com/strategic-cio/10-top-tech-companies-poised-for-massive-layoffs/d/d-id/1325015?image_number=9
2017 will likely be the year these projections come to fruition.
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Okay see some of the beef with H1b visas, but how about women who have had their degree for years and can still not catch a break because of male monopolized technological communities?
Estimated percentage of jobs to be cut this year: 20%
Estimated number of cut employees: 26,000
Oracle is yet another example of a tech titan hit by a technology shift and movement of its customers to micro-services, said Chowdhry, in sizing up Oracle's potential layoffs.
The database behemoth was caught flat-footed on the technology shift to the cloud as its customers toyed with the idea of shifting some of their IT budgets to micro-services like cloud computing to improve their efficiency and cost structure.
In Oracle's fiscal second quarter last year, it kicked off a restructuring to improve its own efficiencies. In corporate America, a restructuring often comes with layoffs. Oracle estimated the restructuring costs would reach $525 million, of which $300 million of that cost was recorded during the first nine months of its fiscal 2016, according to its filing with the Securities and Exchange Commission.
"We expect to incur the majority of the estimated remaining $125 million through the end of fiscal 2016," Oracle stated in the filing. The end of Oracle's fiscal year is at the end of May 2016.
Late last year, as its restructuring plan was underway, Oracle began consolidating its software support services into colocated entities in the UK, according to a report in The Register, which estimated those layoffs entailed more than 1,000 workers. US support services were expected to be next.