The calendar year to date layoff total now stands at 3,050 as of end of this week.
With the layoffs in different parts of the GBU it is clear that industry specialization is no longer important to oracle, which is looking to increasingly offer vanilla cloud apps. Take note those of you with an industry focus on and out of the GBU, your expertise is no longer valued at oracle.
Ignorant CEOs have to rely on SVPs who are not going to cut themselves.
Oracle's approach to layoffs in general is to get rid of the foot soldiers and keep all the high paid execs. I mean if they started looking at who adds value (especially relative to their comp) and who doesn't they would have to start by getting rid of LE, MH, and SC, and they are obviously not about to do that ! So they keep getting rid of the people who actually do the real work. Stupid is as stupid does!
It is amazing, but the Ex-Sun Oracle managers are expert survivalists. They learned how to hang on through years and years of down turn and declining revenue.
With the core of engineers that carried the load now missing and not to be replaced, what do you think they will discuss in their pre-meetings.
The chop should have started at the top with the highest paid being let go first. But they did it arse backwards. Nobody left to actually do any real work.
HW revenues are guaranteed to go down
2.5% NonGAP all due to layoffs.
That's standard operating procedure for Oracle, my friend.
As impacted by this layoff, it was a surprise to many people and most of upper management survived... It wasn't carried out well at all.