Thread regarding Oracle Corp. layoffs

How Oracle plugged holes in "layoff" leaks

You may have noticed that the accurate reporting of layoffs has suffered recently... a lot of layoffs predicted never happened, and many that happened came without warning. I was privy to news from a GVP in the sales org that would let me know.

When I asked him why he didn't give me a heads up on a couple of recent moves, he said he had no clue. Basically the GVP roles got to pick who got laid off and what quarter, so they knew ahead of time and would share the info with their favorites. That all came to an end a few fiscal quarters back. He told me that the layoff selection was pretty much out of his hands and if he got notice it was like 24 hour notice, his time was spent at the last minute deciding who got let go.

The idea for him and other GVPs is to have a list ready of people to drop, so at a moments notice he can let them go. Absolutely no warning is given at the GVP level anymore. To say the least its unsettling. He told me he feels like he is hanging on t o a cliff wall himself, just by his finger nails. He has been looking outside Oracle for a new job, but his grey hair and long tenure at Oracle make it very difficult for him to find anything like his current job.

Severance packages are no longer guaranteed, but he is holding out in hopes at his level he will get one. To that end he has retained a lawyer and spent considerable time gathering damning evidence of HR violations to provide in court, emails etc... to show that the business practice was at least unethical. The good lawyers are whispered word of mouth and kept close by the VP level managers.

You can get the basics of how to find one here:

https://www.nolo.com/legal-encyclopedia/hiring-lawyer-your-layoff-case.html

https://www.nolo.com/legal-encyclopedia/laid-off-rifed-do-you-need-lawyer.html

https://www.lawyers.com/legal-info/labor-employment-law/human-resources-law/employers-must-follow-many-laws-during-layoffs.html

https://www.lawyers.com/legal-info/labor-employment-law/human-resources-law/employers-must-follow-many-laws-during-layoffs.html

The key with the layoff lawyer is some form of severance should be required and if you don't get it that can be a cause for legal action.

Just thought I'd share why I haven't been posting rumors... assuming others are posting rumors for the same reason... there are no rumors because the managers and GVPs have no clue when its coming.

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Post ID: @OP+V2XRZOD

9 replies (most recent on top)

"Duh, the opening statement about the lack of accuracy of recent predictions completely contradicts with the rest of the post"

Maybe you should read the post. The whole post. All the way to "Just thought I'd share why I haven't been posting rumors". There is no contradiction here. Others have been making wildly inaccurate guesses, not the OP.

However, you are correct that those that keep predicting massive layoffs are messed up trolls. Between those stories, Confucius quotes and the Progressive Bowel Report, someone not only has far too much time on their hands, but is very imbalanced.

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Post ID: @1pwh+V2XRZOD

Even when executive leadership succession planning is prioritized, you can still end up with a new exec team whose vision either destroys or severely cripples the organization. You could argue that is how SUNW became an Oracle product, and how Oracle will end up.

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Post ID: @1kks+V2XRZOD

Duh, the opening statement about the lack of accuracy of recent predictions completely contradicts with the rest of the post about how the predictor's sources in GVPs no longer able recieve insider information. If GVPs were the sources and they have no info to share then why is there an asssshole making those baseless layoff predictions in the first place? The facts are clear in that predictions were made and they are inaccurate. While This post attempt to find excuses for the inaccuracy, it also admits that predictions were still made in the absense of information. In other words, this post admitted the predictions were baseless . One can only conclude that the predictor has malicious intent.

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Post ID: @1ovf+V2XRZOD

@1dba (grey haired Sun guy)

Glad your story ended well. I am a grey haired O guy. The path of the company changed a lot with the move from a development company to an acquisition company. “Leaders” like TK accelerated the downfall. LE never had a proper succession planning strategy. He should have handed the reins over to a real leader many years ago. Instead he created a competition between three wannabe leaders, none of which would have been qualified to lead the company. And now that one is gone, chaos will ensue as TK’s empire is in shambles.

I always loved to use Sun products (my first desktop machine at O was a Sparc station), and every former Sun employee I met after the acquisition was first class.

Assuming no layoffs in my org, I will pull the plug at the end of the year. Life is too short to ride this ship into the unavoidable fatal storm.

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Post ID: @1aqr+V2XRZOD

What a dumb@$$. Can't you read. He explained how the GVPs made the decisions and how that has changed. Hence the lack of current visibility. God some of you trolls are dumb. I object....those who can't read are dopes

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Post ID: @1fot+V2XRZOD

I got let go by recorded concall on 9/1/17. I still read here because while I hope my friends do well, I harbor no good will to executive management. Prosecution would make me happy. I am one of those grey haired old Sun people who many of you consider to be useless. Someday not too far off, your beard will grey.

My story ends well, I landed in a equal or better situation. Not all do.

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Post ID: @1dba+V2XRZOD

Severance packages are no longer guaranteed,

Any sources to back this up or are you just starting rumors?

As far as I know, severance is always guaranteed as a way to allow you to sign away your rights to sue the company for chopping you.

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Post ID: @1dcn+V2XRZOD

GVP had info... now they don't. Dur.

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Post ID: @glf+V2XRZOD

Objection! There is a serious contradiction in your statement.

If your sources have zero info, then why did you make those predictions in the first place? Either your sources give you random info when they have none, or you make random predictions when you have no sources.

Of course, your predictions have 0 precision 0 recalls and 0 sources.

Are you simply insane or are you a professional troll.

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Post ID: @vnx+V2XRZOD

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