We might get some layoffs, as we have been getting for the past few weeks and months, but we have never had a huge layoff without any indication beforehand.
If there was going to be a huge layoffs, we would have known something about it by now through official channels.
I'm not losing my sleep over 31st.
Oracle is a dead business walking into the grave just like IBM and is using all the sleazy IBM tactics to get rid off people. That’s what you get with 3 greedy sleezeballs running the place.
@TlEonAB-2tct you are dead wrong - maybe high level execs but troops on the ground - forget it.
Fake, they will pay for your move if they want you
I know someone at HP. HP did force people to move to reduce headcount. But they paid for the moving expenses. They lost about half of the group I am familiar with that way. Lots of people don't want to move, even if it is paid for. The fact that Oracle doesn't pay for moving expenses even, says a lot about what they think about the group they are requiring to move.
"If true, that is straight out of IBM's playbook as a way to shed field personnel without incurring layoff costs. "
HP does the same thing,
What surprises me us that they offer any severance at all. In the US, it's not required by law.
Several remote directors from various teams planning to be in Austin first week of June. Rumor is that is the big week for some RIFs.
Only 5 days and one side is going to eat its hat.
Rumors of the May 31 layoff have been greatly exaggerated- look at how folks are now backing away from that date. The only question is what new phony date will they propose next?
there is no "if" it is what is happening in US. Colleagues that used to be able to work from home are now required to clock in 4 times a week. And colleagues too far away from an office are unsure about their future.
This is indeed a way to encourage people to resign.
"If you don't live near a hub you will be allowed to keep your job if you are willing to move at your own expense to a hub city."
If true, that is straight out of IBM's playbook as a way to shed field personnel without incurring layoff costs. The end goal is to either eliminate positions altogether or to be able to "exchange" the existing personnel for less expensive college grads.
The rumor about centralization does not apply to CSMs only. This also is planned for all pre sales roles. If you live near a hub you will be expected to work from the hub. If you don't live near a hub you will be allowed to keep your job if you are willing to move at your own expense to a hub city. The intent is to reduce offices and eliminate telecommuting. This has already started for some groups.
Rumor in Bedford office is that the CSM role will be centralized in Austin by FY20.
"The ECA for example are highly distributed as are many of the Cloud Success Managers. You could get rid of 20 % without raising any notiice in any given state."
Very true. Last year it was the distributed specialist teams which were hit with about a 15% layoff. The specialist role was wiped out altogether and the remaining personnel transferred or were absorbed into ECA or CSM roles. Now the Hub roles have been created and filled with college grads, so the time is ripe to layoff some of the field ECA and CSMs based on what Oracle can get away with without a WARN notice and/or how much money they can save by shifting jobs from higher paid, experienced field positions to the Hub.
"Google was directly targeting my old org."
It's possible, but what I've heard and seen is that many are shopping for where they'd like to work and that Amazon, Microsoft, Google, Salesforce and Workday are all on the shortlist. If one person in a department leaves for a specific competitor, it can raise the chances that others will look at the same place. I left a while ago for a competitor and I've received quite a few calls asking about what it is like and/or how to get in.
Oracle had many of it's employees sign a non-solicit agreement when they were hired, so actively recruiting peers after leaving for a competitor is legally risky behavior. That includes giving a list of names for recruiters to target. I can tell you that the competitor I now work for specifically won't accept any referrals/recommendations/information from me about Oracle employees because they know about the non-solicit and don't want any part of it either.
That all being said, there is a demand for experience and expertise by the companies on the "shortlist" and by other strong options as well. The key word there is "expertise" as Oracle's technology is very narrow, is lagging behind the market and has some significant gaps, so if you are looking to go somewhere else (either soon or after you receive a severance package), it is vital that you invest in your knowledge and skills in order to be relevant and marketable.
They've had a lot of attrition so they won't need to layoff as much as in years past. They just aren't backfilling anyone who leaves unless the position is in one of the hubs or India.
They don't have to worry about WARN for certain sales and pre-sales roles. The ECA for example are highly distributed as are many of the Cloud Success Managers. You could get rid of 20 % without raising any notiice in any given state. I was looking at Jon postings for these roles and it does not look like they are replacing those leaving for Google, AWS, Microsoft and Salesforce. Google was directly targeting my old org. We were losing 2 to 3 a week last fall and winter. No need to layoff.
Anything Oracle can do to make people leave, or change the rules so they can be fired instead is a way for them to save a ton of money.
If there is no large layoff of the sales force, it's because they were able to force people to leave on their own.
I'm betting on layoffs, but not an enormous one because...
Oracle doesn't want to trigger WARN notices that end up raising stockholder questions.
The Hubs haven't come fully up to speed as expected and it would be suicide to let too many field personnel go.
After being given only a couple accounts this year and a large quota, some field personnel weren't able to make their target number. Given that the pattern has been for large companies to buy 3 year deals and if one only has 2 customers, this isn't really a surprise as there are going to be years where nothing is purchased. Even when it is an "on" year, deal sizes have been shrinking. As a result, the deck was stacked against the field to begin with. So a portion of the field has already been told they should leave. If they don't voluntarily before the end of the month, it won't be a layoff but a firing. Oracle gets away with reducing headcount and not having to pay a severance package. And Oracle is set up for more to leave or be fired simply because they've made it difficult to achieve quota -- and the word is that quotas are going up next year to top it all off.
FAKE NEWS
OP is an oracle HR moron
Are you listening, or just following orders?