Been catching up on posts and was curious if those "Unofficial official layoff reports" were credible? They seem like a great resource, so I really hope they are legit.
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The credible reports list specific departments and locations. (Names are not allowed on this board.) Anything that says that there will be a general massive layoff is misinformation. These reports usually list the last day of a fiscal quarter (e.g. May 31), which is not a day that Oracle uses for layoffs. Layoffs will continue, will occur frequently, and will be at most a few dozen at a time to avoid publicity. What we do know is that Oracle's margins are under severe pressure. Revenue is no longer growing; the only way to preserve margins is to cut costs, and that means more layoffs.
Oracle is shooting itself in the foot by making licensing 2x more expensive on AWS and Azure and not licensing on Google Cloud at all due to LJE's personal beef. LJE spent billions in R&D on hardware / Sparc chip R&D and ignored public cloud until it was too late. Oracle is not doing enough CapEx in cloud and remains in Gartner's "niche" quadrant with " a bare minimum viable offering." New projects are going to cloud, and they're not going on Oracle products. Oracle will continue to milk billions in support revenue from database support contracts, but these are gradually declining as they continue to lose customers. Some customers need to stay on the Oracle database for now as it is too expensive to re-write code for another database, but they're gradually leaving too. SAP is forcing customers off the Oracle database.
Sales support / sales consulting is moving to the hubs and being staffed by new college hires and cheap labor overseas. Several managers in HD's U.S. cloud architect organization have recently left Oracle, moved to the hubs, or been demoted. MH's attitude is, why do we need experienced salespeople, when we're just doing renewals? Key personnel in database R&D have also left recently. Why spend money on R&D, if you're not in competitive new deals? The layoffs are coming.
Credible to the extent it's unofficial but not completely accurate as the hiring is paced at the same rate, overall headcount is still at about 138,000 split by MH 89K, LJE 38K, SC 11K. Overall reductions aren't evident at top level, only by mid and low mgmt groups. Some "retirements" were announced last week effective September, probably buried some layoffs in those teams.