There will not be a "HUGE" layoff on August 31 or any other day. The layoffs are gradual, affecting a couple of departments at a time. They can and will happen anytime. With few exceptions (e.g. Netsuite), Oracle's products are considered "legacy." There are few if any new Oracle projects. Oracle will continue to get billions in revenue from renewals, but even that will keep declining. ORCL maintains its price by providing dividends and high margins, so with lower revenue, they have no choice but to cut costs and lay people off. Field sales will be a few sales reps who handle renewals. Sales consulting, to the extent that it exists at all, is being moved to the hubs and staffed by new college hires. Customer Success (CSM) personnel and consultants will have a job as long as they are brining in paid revenue; if not, you are fired. They certainly will not do a massive layoff on the last day of a fiscal quarter when there are still deals that could be closed that day.
14 replies (most recent on top)
@UwfbB7l-3fka : I really don't get how people can have so short memory.... remember what happened last year? and I mean last year, not 10 or 20 years ago....
yes, Oracle can and will do layoffs even close to or during OOW. they don't care, in MH vision those are not layoffs, just a bunch of "mercenaries" that are swapped with fresh, young, honest, pure, and above all cheap meat from college.
don't expect a ingle huge layoffs though, but the usual daily bleeding. that's Oracle style my friends.
Massive layoff so close to OpenWorld? Unlikely IMO - the optics are bad and the message to the markets will be worse. More likely to be a staggered layoff, starting in EMEA and APAC than the US. The UK will be hit hard first given the FUD about Brexit anyway.
Re post by fdsa | Post ID: @UwfbB7l-1sqw
qupte " know Europe is different as there are laws against firing people. Oracle still will not do a massive layoff in one day (I would consider 3000 to be HUGE/massive) as it will be covered by the media. No such laws here in the US and A, ... they can fire anyone at any time. It's illegal to do it for age reasons,"
Try a law suit against ORACLE for age reasons and see how far it will get you. This is the land of the free and un-fettered capitalism and all the courts support the companies. You will have a devil of a tome proving age discrimination.
The rationale that Oracle will avoid a 3K+ layoff on the grounds that it will signal distress to the media, investors, and customers is somewhat valid but can be effectively be spun by trickling out phony announcements of intent to mass-hire in cloud areas and then on RIF day calling it a shift in investment or "doubling down" in growth areas while defocusing in others. You know, the usual executive lie-speak.
Honestly, I think everyone out here knows that there are no huge single layoffs, although, that would really help the company. LE and his cohorts don't want anyone to know that Oracle is constantly laying people off, so they keep the layoffs scattered so that there are not enough in any group in one quarter to require a public WARN notice.
So, Shhhhhhhhh..... everyone...... LE is keeping a secret....... if you want to help LE out, don't tell anyone you have been laid off. He likes to keep his slimy work on the quiet side.
The "there will be a HUGE layoff on Aug 31" posts are from people who want to destroy the credibility of this site. Oracle employees read it and start updating their resumes. The posts that are well thought out and have evidence are usually true. We've been hearing for over a year that sales consulting / enterprise cloud architecture (ECA) in the US is moving to the hubs like Austin, to be replaced by new college hires. We now know that several of HD's managers have left (LW to Google, BS to Amazon), some have been shoved aside to non-critical roles (RL), and some have accepted hub management positions. (JK). These are all 20-year Oracle veterans. Hurd keeps talking about the hubs and his "Class Of" program. So, this one is true.
I know Europe is different as there are laws against firing people. Oracle still will not do a massive layoff in one day (I would consider 3000 to be HUGE/massive) as it will be covered by the media. No such laws here in the US and A, ... they can fire anyone at any time. It's illegal to do it for age reasons, but in right to work states like Texas, you will not prevail in court if you fight it. You can't get a severance unless you sign a doc that says that you will not sue.
@UwfbB7l-1jdi : Spain has already been hit hard, everyone under IM including himself have been wiped out. France almost the same, but for local legal reason this will be effective on Oct. both countries are already full OD.
UK will be hit during this FY, no massive single shot, just the usual slow bleeding during the following months.
Italy and Benelux are so small that noone will ever care.
Germany is instead a pita for Oracle. it's basically impossible to fire single people, unless you dispose an entire LOB for business reason. this is what has been done in the past with the storage&tape LOB for example. this is why they are giving out outrageous package as "voluntary termination" incentives.
@UwfbB7l-1sey : correct but for a small detail.
there is noone "essential" apart the 3+1 elders, everyone else is just expendable. even those considering themselves "untouchable" are wrong. I have seen lots and lots of "essential" people fired.
in the very end, MH's vision is to have the smallest possible company with the highest possible margins, just the top management and few business ops + legal, selling off-the-shelf cloud services online using some outsourced workforce (both for selling and engineering). this is what he explained very clearly to all top managers and tried to do when he was in HP (of course at that time the off-the-shelf products were not cloud services, but in MH's rotted mind what you sell doesn't matter, in his rotted mind the model is perfect for everything).
don't be fooled, he is trying to do exactly the same here in Oracle. the plan is first to get rid of exensive "mercenaries" using fresh and totally unexperienced meat just out of the college put in one of the hubs, then outsource the hubs themselves to some 3rd or 4th world outsourcing company.
in MH words: Oracle must bedome a virtual company selling services.
Big Layoffs are on preparation for major European countries , France , Germany , Spain , Italy , Benelux are on the spot France is by far is the most affected country all the axed jobs are moving abroad. The kick off is scheduled on September for legal reason and god save the queen !!!
Huge or not, the rolling layoffs continue every month bit by bit 5, 10, 50, 8, 15, 100... there is no pattern behind the numbers . Just a slow bleed to siphon off the expensive non essentials.
Fight and bicker if you want. It makes no difference. The cuts continue. Oracle is in trying to get the titanic to port before she sinks.
When the mass layoff doesn't happen in August, the troll will say that it's in September, then October, and so on.
Deals may be closed on the last day of the quarter, but they won't be booked. The cutoff is about 2 weeks prior for processing "normal" deals due to the extraordinary lengthy time it takes to get deal approvals through the systems, deal management to create order documents, customer sign off etc. Deals over $1M have a special template and approval letter but often they don't get booked either. But I agree there's no huge numbers being let go, it will be the slow exit of small numbers each day and week.
You are looking at this from a narrow sales perspective. Being the last day of a quarter would never be part of the decision when getting rid of "product development" employees. If anything, it boosts management's campaign to shed people because they can start the new quarter with less people on the books. Perhaps we should quantify what "HUGE" means. I say that any number greater than or equal to 3000 is HUGE, do you have a different number in mind for the H-word?
You know that those who post "news" about imminent mass layoffs, especially without any details, are just trolls. Why let what they say bother you?