Most public companies announce layoffs in advance; oracle does not, so T.I. Decided to do it for them.
For immediate public release
Having failed to generate growth in cloud revenues on par with real cloud companies and give that everybody (and their dog) have come to understand that oracle’s EPS growth is a function of share buybacks and share buybacks only, oracle is now laying people off in a desperate effort to increase EPS on the face of declining revenues (as per Q3 earnings call). Therefore, 500 - 1000 oracle US employees will be laid off on 3/21, with many more to follow as oracle goes to hell in a hand basket under the overpaid and incompetent leadership of the 3 Stooges.
Signed - not the 3 Stooges b/c that would require them to tell the truth.