Will this be the BIG one that folks on this board have been predicting, or simply another small RIF of the deadwood. Does anyone have any inside information on what is coming up next Thursday? Also, what locations and divisions will be hit?
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no, nothing big will happen on may 31st, in the sense that you will see nothing so visible to be recognized as "big". there have already been a lot of layoffs starting from may 1st, very few people from each team, so that to not trigger any alert.
overall, yes it is big. but you will not see it. this is part of HR job, engineer a layoff project so that to not raise any alert.
and they are doing a decent job. after having destroyed hw lob, now it's the turn of Fusion. last will be Tech, but don't worry, we are already in the target.
The post about big layoffs on the 31st will turn out to be a big nothing-burger.
I highly doubt that there will be a BIG one because Oracle doesn't like triggering WARN notices and because they need to avoid sending the workforce into a total panic. They can easily cut specific departments altogether or even 15-20% of roles that are spread out across the US or globally without needing to say anything externally. Internally they can hide behind statements like "realignment", "market shift" or "low performers".
Management is too proud (and manipulative) to admit they failed in some way and layoffs would indicate that there was a failure. There is never going to be a time when management admits that the focus on competing through being a late follower and by acquisition has landed Oracle in a position where they missed the on ramp to the Cloud and where they can't acquire their way into the game. They aren't going to admit that LE's dream of offering an integrated stack hasn't been realized because it is at odds with his philosophy of internal competition and the result is a bunch of products that don't work together or just don't really work. They aren't going to admit that all MH knows how to do is cut costs and that his dream is to shift the workforce to cheaper college grads and then churn & burn them in order to lower costs and to support profit margins. They aren't going to admit that they Cloudwash results to analysts in order to try and keep the stock price up (since a large part of their compensation is based on stock). If they were ever clear about all of this, any semblance of stability would be gone -- employee departures would skyrocket and the stock would plummet. They aren't going to risk either of those things.
There isn't going to be a BIG one. It is going to be a steady, measured move. Oracle will use every possible method and angle to make it look as small as possible and for it to be as stealthy as possible. For example, last year the actions were staggered with various groups being hit throughout the summer and some of them having 30 days before they were official let go. While I'd anticipate there will be some layoffs this week as Oracle budgeted for it, I'd be surprised if it was above 7% in a group with, maybe, one or two exceptions. My bet is that Oracle will try to avoid spending all the money they budgeted.
The most likely reality is that things keep on changing just fast enough to make progress while just slow enough to avoid a massive disruption. That not only keeps some stability, but it is also enough to get employees to leave voluntarily, so Oracle gets to make progress and save on severance/restructuring costs. That, in fact, seems to be part of the fiscal year 2019 strategy -- force people to leave. Commissions were restructured in 2016 and field personnel ended up earning less. Territory size was reduced in 2017 and, as a result, the opportunity to hit quota fell and people made less money. Now quota targets are rumored to increase in 2018 while certain accounts are being handed to the Hubs -- again impacting earnings for the field, but offering a carrot to the new hires in the Hubs. It is a targeted method to cut costs while avoiding the negative publicity and the cost that layoffs can bring.
While there may not be a BIG layoff, Oracle is certainly impacting its employees lives in a major way. That is especially true for those that are let go or forced out, but it is also true for those that remain only to get squeezed further while having their skills, in many cases, become more irrelevant. Whether you choose to leave or to stay, don't let your skills get out of date or your income unduly suffer -- take care of yourself and always be prepared should you want or need to make a move.
Hello world
The deadwood will be what is left. The country clubbing scum that get other people to do their work for them. They are the deadwood. Oracle will soon be only deadwood.
Hardware is safe...for now.
The last poster expects hardware to be hit on the 31st, but how much hardware is left?
I believe it will not be a global layoff where every team is losing people but a lot of non-cloud buisness that will have entire teams let go. Hardware in particular.
My 2 cent: There will have layoffs but it will not be an armaggedon.
No layoffs needed. Everyone good is quitting anyway because of executive leadership
It is not just "deadwood". They are lopping entire orgs regardless of whether or not people are involved in big projects. THis is strictly budgetary.
When you say “deadwood” do you mean the cloud washing that is clogging up the wood chipper?
I think this is all fake news, and 5/31 will come and go. On 6/1 the sun will rise and nothing will have happened, except that someone will post a new prediction about the big layoff coming at the end of the summer.