"Oracle plans layoffs to be under the radar, never triggering WARN. A mass layoff that would be covered by the press, in order to send a signal to Wall Street, would confirm their precarious position, negating any benefit to the stock. Could even make things worse."
This is what people need to figure out. This is why we have so few big layoffs and yet we hear about people being shown the door nearly on daily bases. Don't expect the next big layoff. Be prepared for everyday small ones.
"Spain Systems/Storage sales been completely terminated !!
Next in EMEA are Italy/France and several small countries."
SSO field sales and presales in France have already been wiped out beginning of june, but given the laws it will be effective only in 90 days. This is official and not a news.
Spain is still unofficial, but already decided.
As of today, Switzerland, France and Spain have no SSO field sales and presales, everything is done by OD in Malaga.
Italy and UK are still under discussion, could be that Italy will go full OD in the next months, while UK should move to OD only in FY20. Then also the Benelux+Germany+north will be wiped out.
The only SSO field sales that will last in the next years is the EECIS+CAT org.
Oracle is planning to replace tenured Sales Consultants with younger new hires. Further, the tenured Sales Consultants are expected to train the younger crowd. Once that is done, the tenured Sales Consultants will be shown the door. This is true.
Spain Systems/Storage sales been completely terminated !!
Next in EMEA are Italy/France and several small countries.
All is related to the old systems interfering Tech sales in "cloud" misrepresentation
SVP in APAC who was lead go was sales head of APAC. Not very tough to guess da name.
APAC and EMEA are starting the slow trickle of weekly layoffs under the radar. NA I hear is starting soon.
That is scary...
I heard some a SVP from apac was asked to go few days back and there is layoff happening every day in apac.
It’s death by thousands of “cuts”....metaphorically speaking.
"Be prepared for everyday small ones." is that like micro-dosing ?
Sorry... They are NOT serious about building cloud tech.
Agree, they are serious about really building cloud tech.
The irony is that if they were serious about moving to the cloud, they WOULD do one mass layoff, be done with it and move forward. The street would reward this action especially if there was good faith attempt/investment in the technology and data centers. sigh... sold last of remaining RSU's today.
No big one. Just small ones each week and some unreported as actual lay offs. The termination paperwork reads very vague as to not be specific as to the reason why but covers any and all potential situations.
Plenty of large corporations do slow, little by little layoffs. It's par for the course. They only have mass layoffs when it's inevitable.
Continuous rolling layoffs.
Yes, it's exactly what I think.
It will be layoffs by bunches.