Total target is 10% of global headcount. This is being done in 3 phases...Around 5000 in first phase globally , Second Phase in June. and Third one in September.
Found this info on another thread, @YcAPXFu-ulz . Can someone confirm this?
11 replies (most recent on top)
Why are you still an oracle customer! Get then f--- out before they destroy your business!
Wow! This does leave us customers out on a limb. As an Oracle DB for many years, where does that leave the professions that have depended on Oracle for years. Yes we can be retrained, learn new things, but that does take time, and when companies have no clear idea where things are heading, it makes it hard to determine if it is time to get into the lifeboat to find a safer place. Oracle promised it's customers that it would still support E-Business Suite (EBS) until the end of 2030, so now it is changing it's mind, and dumping the resources that are clearly needed to keep EBS with HR and Payroll up and running for the next 11 years? Kind of leaves the customer out in the cold, and may will start looking for a new home that is not Oracle since Oracle is making it clear that their old customer base is not very important any more.
Because they are desperate to keep it under the radar, after all oracle is supposed to be a leader in cloud - what a fraud! - and cloud leader don’t lay off thousands of people week in and week out, so it looks bad. On top of that add LE’s tiny and very fragile little ego and there you have it, cover ups, lies and cloud fraud. What a place!
Regarding.....""Why not do it all at once? Why pay people 3-6 months pay if their work is just going to get sc-apped?""
Because they dont want to create (more) panic....
"Why not do it all at once? Why pay people 3-6 months pay if their work is just going to get sc-apped?"
Whoa, don't apply logic here, bud. Just wring your hands and scream at the sky in angst.
Why not do it all at once? Why pay people 3-6 months pay if their work is just going to get sc-apped?
no, i heard that's not true from a little birdie.
that's it for the next 12 months. Most of the tremor is from OCI restructuring and TK leaving.
The last meaningful release of FMW was October ‘15. Hardly news that we’re out of that business. A subset of our first gen Paas will survive if they can support increased Iaas and Saas sales. We seemed to have pretty much jettisoned any intention of competing in what was formerly called middleware. We’re done in data integration, systems management and identity management
Oracle is a dedicated Cloud services company that doesn’t do much Cloud and what Cloud it does do, it doesn’t do well.
so are we saying 14,000 people out of the 140,000 global? Is that enough to convince the market that we are a cloud company? We keep hearing that if you are not aligned with the core mission of Cloud, Autonomous DB, and SaaS then you are at risk. There are plenty of people working on many things that have nothing to do with these directly. We still have thousands of customers using on-premise software. We still have developers developing new versions of on-premise software. Is that all stopping? If we are a cloud services company now, shouldn't all that development of on-premise software cease immediately? What would that do to the existing customer base - the paying customer base whose license and support fees are paying for cloud development?
No one is talking about PaaS and Java, does that mean those are all in danger as well. Will Oracle just give that all up? What about all our Middleware? Just ignore it? Use whatever of it we can in support of SaaS? Not likely because now we have OCI that has its own stuff. OCI and SaaS and ADB are a small portion of the total scope of what Oracle has provided to the global enterprise. Are we saying that we are scaling back to do nothing but these things? If I were a huge bank or fortune 500 company working a on-premise software deal, would I consider looking elsewhere because I can't be sure that Oracle is committed to my needs?
Yes, this is what I learn too. Could go higher too depending on the whims of Hark Mud.