This was posted in another thread as an answer to a post skeptical of big layoffs ( @Sm4jhmi-1xfm ), but I thought it should stand on its own as it is a perfect rebuttal:
Wow. $1,114,000,000 dollars set aside to layoff people at oracle by the end of FY18 which is May 31 2018.
Reported to the SEC right here on page 16: (cut and paste the link) http://d18rn0p25nwr6d.cloudfront.net/CIK-0001341439/d68e7357-e1ab-40fe-88ba-56d6b1f79f76.pdf
$474,000,000 paid out and over 8,000 people laid of since May 31 2017. We know we have $640,000,000 to be paid out by May 31st 2018, which by all accounts that we can reasonably total is about 11,500 employees.
We know the date and we know the dollar amount. Either you are a troll or you are a new hire at Oracle. The seasoned professionals can do basic math, can read a 10Q when its linked and explained.
Would you call over 25,000 employees let go over a years time a massive layoff? That is 19% of the work force. But they have been replaced over time by less experienced, and lower paid people over the past nine months.
If you really think there is no layoff coming, and when you check your w2, its probably less than 100k, then yes you are completely safe. You will not be laid off. You are exactly the kind of person MH wants at Oracle.
True it has been a slow bleed since January. And many people thought March 1 was going to be significant, it was not. But that means the remaining balance will be paid out May 31st 2018, because that is what is stated on the 10Q. But that is where the rumor ends.
Facts supported by legally binding documents submitted to the federal government are not rumors. If you can not tell the difference between factual quarterly financial reports and rumors, and you currently work for Oracle then that is a real problem... not just for you, but for Oracle.
The execs used accrual based accounting which is a win in my book. If you really believe what you say "this is all rumors- no big layoff" then I can see a glimpse of the dark side. If all it takes is a slow long layoff to confuse you and I slowly take away benefits, bonus and pay and you can't understand basic accrual based accounting debits and credits... then maybe MH is right and its the way to get rich. I do feel sorry for you, honestly. But this comment really lessens my sympathy.