This Repost is 100% accurate...expects are managing to the forecasted sales :” If they can't deliver cloud growth in Q2, they can always deliver heads to Wall Street. The market loves layoffs.
5 days ago by Anonymous | Post ID: @PyzfUgV-2tjx”
There have already been senior sales ops execs give their 2 weeks notice in SAAS this past week as they jump ship seeing the oracle ship heading for the rocks.
" It got so bad that the latest people, the few they could find, got no severance no matter how long they worked there."
Severance is a bribe for you not to sue.
I guess when the corp gets down to the bottom of the barrel, they aren't worried about lawsuits anymore.
As someone who was just laid off and is also an ex-IBMer. IBM ran out of people to fire. It got so bad that the latest people, the few they could find, got no severance no matter how long they worked there. All to make the numbers look as good as possible.
Oracle has much further to go before they start scraping the bottom of the barrel.
according to another post, there's 1 next week
Are we expecting any RIFs before Nov 30th? ES's org?
The problem with that strategy is two fold:
1) You need employees to do the work
2) You eventually run out of people for fire (look at HP Enterprise)