Thread regarding Oracle Corp. layoffs

Unifficial official layoff report 3/24/2019

Well, as the saying goes: you can fool some people some of the time, but even then only for so long. Oracle pretended it had a cloud business and growing EPS for a while but everybody has not cought on to the impact of massive share buybacks and oracle no longer reporting cloud revenues separately - the cat’s out of the bag, and so layoff follow.

T. I. Estimates that about 1,500 were laid off this past week around the world - yes, this estimate may be on the higher end, but that’s what you get when oracle refuses to come clean and transparently announce the occurrence of layoffs and the numbers. That brings the total since 6/1/2016 to 21,736. More to follow my friends, oracle needs to keep cutting costs given its faltering performance. Keep looking everybody, now more than ever!

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Post ID: @OP+YeR668D

13 replies (most recent on top)

This happens quite regularly, been seeing this for the last 12 + years, and been impacted about 9 years back. Sometimes it is due to economy they say, sometimes due to internal politics in the vertical - seen some very low performers retained and high achievers let go - perhaps they are perceived to be a threat to the blue eyed boys they want to promote. No particular vertical/department is immune to this, can happen anytime, anywhere - at least one tends to become philosophical and understand 'Karma Theory' better; no hard or bitter feelings

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Post ID: @2naa+YeR668D

"they hired 4 people in India to replace every one of us at a fraction of the cost."

I don't know but you should take a look at the scoreboard. Sun is dead. Solaris is dead. It was a business decision to kill those product lines. Had nothing to do with hiring cheap replacements -- maybe for temp support.

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Post ID: @1wrm+YeR668D

I spent 20 years with Sun/Oracle. When the hammer came down they called all engineering staff into the board room and we were told at 9:05 am. “Your jobs as you know then no longer exist”. We were then given our paper work. Told to be at an hr appointment with someone we didn’t know and told of our payout. Most of us had spent 20+++ years there and where just about to enter retirement. I’m 60. Oh and they hired 4 people in India to replace every one of us at a fraction of the cost.

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Post ID: @1rut+YeR668D

"so if we are laying off as a cost cutting measure, but our headcount continues to rise, what kind of cost cutting measure is that?"

A lot of cloud (OCI) hires came in with big salaries as well.

The harsh reality is they let go of a lot of cruft and probably paid more for their modern replacements.

But, shhh, don't spoil the doom and gloom narrative.

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Post ID: @1hbl+YeR668D

Oracle is laying off experience people and replacing the with class of newbies in the us and inexperienced staff in India andbrumania, that reduces costs and quality - cheap, cheap, cheap. If you’re a customer - run, run as fast as you can.

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Post ID: @ras+YeR668D

we actually have closer to 140,000 people. and if we've laid off almost 22k over 3 years, we've also hired/acquired just as many, if not more, because headcount had increased in the past 3 years. so if we are laying off as a cost cutting measure, but our headcount continues to rise, what kind of cost cutting measure is that? when a company is growing and acquiring and changing focus, layoffs happen but new hires also happen.

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Post ID: @bsg+YeR668D

Cannot do it justice unless you isolate US numbers...

Saying 1.5/150 looks small, but 1.5/30 looks much different

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Post ID: @ejz+YeR668D

Oracle's MO is to lay off people with experience and higher pay and hire people with less experience and very low pay. This keeps the employee number the same and does not raise any red flags.

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Post ID: @csb+YeR668D

" over the last 3 yrs"

Okay, so they didn't hire anyone within the last 3 years? Where's the new hire number?

According to this site, #employees remained pretty constant:

https://www.statista.com/statistics/236999/number-of-employees-at-oracle-worldwide/

Sounds like your criteria for Oracle is faulting them for solely laying off (you).

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Post ID: @grm+YeR668D

21,736/130,000 over the last 3 yrs

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Post ID: @xlz+YeR668D

Let's go with your HIGH number of 1500.

Okay.

Let's do the math: 1500/130000

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Post ID: @wqv+YeR668D

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