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.
Originally posted by @TsVAlCs-kdv.