No major layoffs reported this past week. Total for FY18 remains at 7,275; since 6/1/2016 at 17,275.
Next six months will be interesting. Still hundreds of millions left in the restricting reserve and expectations of major layoffs to come. However, with the tax cuts, the 2018 election and the partisan political environment, making major layoffs will be very tricky. Any large coporation that lays off people and sends jobs abroad, runs the risk of being called out by the Democrats in major way in the run up to the election. And the fact that both LE and SC are well know Republicans would not help. Will be very interesting to see what oracle does over the next 6 - 9 months.
Happy Holidays everybody!