Since we all pretty much know by now that huge layoffs are coming at the end of next month, I thought this was a good thing to post right now. At least to know where to look for a new job and what to skip.
https://spectrum.ieee.org/view-from-the-valley/at-work/tech-careers/whos-firing-qualcomm-gopro-and-ibmagain-whos-hiring-facebook-apple-amazon
yes big layoff is coming!!
i was told
lot of SC
lot of ECA
lot of specialty SC
will be gone!
time to go
2dce - great post. A lot of those experienced people could easily be repurposed. But that is apparently too much effort to figure out. The lack of loyalty to the company by the remaining staff (survivors) is a result.
5 years of almost zero revenue growth can't be explained away.
No analyst seems to be asking about that. And yet it is incredibly obvious.
@ST8zI9h-2dce hear hear. Om-prem folks should be treated properly. Cloud not making much
Oracle is not different than any other large company...every year 5-10% of the dead wood - people and programs - will be trimmed.
Really? Just like 9/11 was not a very big deal as only a small percentage of the U.S. population died in that attack?
The cuts are huge because in many cases they represent the mot experienced and talented people in some technical areas. You may downplay what they do as "legacy". But "legacy" is what pays our bills. Maybe in 10 years, Oracle might be a cloud company where it does not depend on the on-prem cash cow to survive. But until the cloud can carry its own weight, on-prem is what keeps us in business at all. It's on-prem deals that are being reengineered to include cloud credits. It is on-prem revenue that is keeping the lights on. It's our on-prem customers who we should have the best chance to convince to use our cloud. By prematurely killing the on-prem business by letting all that irreplaceable talent go out the door, we are destroying the company. 5 years of almost zero revenue growth can't be explained away.
Not fake news. Don’t call me gringo, a derogatory term in your lingo/ slang.
many of those writing here are from System LOB, so sometimes you have to focus the word "big" or "small" to the System LOB reality.
if you look ONLY at System LOB, layoffs have been really huge in the recent past, and still going on even if with less emphasys till now. a new big layoffs round is expected in may, and already started in some countries.
if you analyze what has happened in the recent past, basically all SPARC engineering is gone. big part of the Solaris engineering is gone, same as big part of HW support services is gone. all IB engineering is gone, same as all networking eng and few other dpts.
if you look at old ARIA data and compare to today (not so easy given the reorg under ES, but still possible if you knew who was in charge of what), roughly 75% of HW/Solaris engineering is gone. that's for sure what I call a BIG layoff.
now it's the turn of HW sales and presales, and the numbers will be more or less similar, with just a small difference: few of the people will be moved under the new Cloud/EngSys org. but it will be just a palliative.
nope, not a fake news or a noticias falsas or a fausses nouvelles, it's a dramatically true news, even if restricted to the System LOB (and I can understand many out there couldn't care less of System LOB and so do not see any big layoff...)
As my Latino brothers would say, this is all Noticias Falsas. (That's Fake News for all you Gringos out there)
Please...very much exaggeration. Yes, if YOU were RIF's then in your mind the RIF was BIG. But overall Oracle is not different than any other large company...every year 5-10% of the dead wood - people and programs - will be trimmed.
There HAVE been large layoffs over the past year, including the layoff in Santa Clara that was so large, it was done by robocall.
Not fake news.
Layoffs are to cut costs to try and show margin improvement. Replacing someone paid $200K/year with someone paid $30K/year is the game. Multiply the savings by tens of thousands of employees and you can show a profit even when you're not growing. Same HP story, same end.
~137,000 employees at last count.
Thanks for the post, good information for those who don't have their heads buried in the sand.
The sky is falling...the sky is falling, said Chicken Little.
You have been telling about the BIG layoff that is coming any minute now for over a year. Fake news by a former employee,