All layoff terrorists where are you now? it's 1st June and we are all here i see
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EEthey pretty much obliterated the entire US based Supprt Renewals team. Many of my friends lost jobs they had had for years. Everything will now be re-routed to a “call center”....
UK support got axed on May 31 as they are not directly associated with revenue. Major layoffs in sales do not occur until the first week of June as you want to get in as many deals as you can before the fiscal year ends on May 31. Last year, some sales reps were notified on June 1, but the larger layoffs occurred piecemeal in the first two weeks in June and again in September.
There will absolutely be many more layoffs. SC and MH have the strategy of maintaining margins and increasing cloud revenue without the necessary capital spending and data center build-out. Revenue for high margin businesses like on premise database and applications licenses has been declining for years. If revenue is declining, you must cut costs to maintain margins. You must lay people off in a big way. This will continue for years as it has at IBM, and for the same reasons. New products like Watson, IBM Cloud, and Oracle Cloud have not produced the expected revenue. Both companies are seen as legacy dinosaurs. New projects are not going on Oracle or IBM platforms. Just read the earnings reports. There is no way to go but down.
Why don't you chill out and take your own advice.
I don't believe the OP was disrespecting the laid off, but rather pointing out the obvious wolf crying that's been going on and getting people worked up.
OP : respectfully, go f--- yourself off.
show at least some respect for those that were laidoff in the last 2 weeks. they all have families, they all are humans like you. but maybe you are not human after all.
all UK support is gone, and many more in sales and presales around EMEA. hundreds of people just in the last 2 weeks.
it's not big? it's just deadwood? again, go f--- yourself off and remain in the garbage bin you live in.
Those who predicted May 31st were just BS artist or have no clue about accrual accounting but the fact remains that Oracle took all the charges for the FY 2017 restructuring (which extended into Fy 2018) which was 1b+ and they still did not pay out approx 380M of that. That could be an 8K headcount layoff but that is just a guess because some of that money could be used for closing offices. Where the May 31st doomsday prediction went off the rails is that nobody but Oracle accountants has any clue what the schedule is for paying out the reaming 380M. There was never any requirement that that had to be done in FY 18. If I had to predict, my guess this will all be distributed by the end of the calendar year.
haha... good one.
All the "layoff terrorists" are sulking and eating their crow.
I must admit, I am a bit surprised they didn't come out to defend themselves or to predict the next "biggest layoff ever" date yet.
The UK CX/OMC organisation was hit hard today, and also today's in EMEA. So much for a cloud strategy.
Wow, nobody is getting fired at 6 AM in California? Fake news all around
Sure still here, but do you feel secure in your job, especially if you’re a male 50+ ?? How about over 50 and in hardware ? Thank heavens the unemployment rate is so low...gotta keep looking!
So much to the 20,000+ that were going to be laid off in the layoff of the decade.