Is it just me, or is it seriously lacking?
I can't understand why, though, because layoffs at other companies certainly get covered. What makes Oracle so uninteresting when it comes to layoffs?
13 replies (most recent on top)
@Yg4W45t-1vjw, re: share of the cloud market, Oracle is definitely not on third place! They’re in the “everyone else” place...so tied for 5th?
Other companies send out press releases and beg for coverage hoping Wall Street will reward them with higher stock prices for reducing costs (because Wall Street only sees employees as costs and not the people who create things that bring in revenue), while Oracle is relying on share buy backs to keep the stock up instead.
https://www.bloomberg.com/news/articles/2019-03-26/oracle-trims-staff-amid-difficult-transition-to-cloud-services
Larry Ellison hasn’t seemed to figure out that he’s trapped in the movie Glengarry Glen Ross. Microsoft and AWS are fighting over the Cadillac and steak knives. Oracle is in third place and short of an act of god, will never be more than that.
Other public companies publicly announce layoffs; oracle does everything it can to hide and deny them.
"Because oracle does its best to hide the layoffs"
As opposed to other companies that throw parades with fireworks over them?
Because oracle does its best to hide the layoffs. If you want to generate publicity get in touch with the press/ media and let them know
"lays off a few people and gives them severance."
I know, right?
I read this one guy complaining on the message board he got ONLY 25 weeks of severance. Only 6 months of severance? The horror.
What's to cover? Legacy technology company lays off a few people and gives them severance.
There's mention in the Register: https://www.theregister.co.uk/2019/03/25/oracle_headcount_cut/
News is human interest and politics.
Oracle people not lining up for food stamps or losing houses like govt workers during shutdown.
No unions means no well oiled activists getting layoffs into news.
"Journalists" prefer keeping access to exposing decline of O and cloud story.
Oracle is notorious for suing, why bother with story...
Because it is not newsworthy?
500/130,000
I think media only covers if they think it’s newsworthy. Here, a dying company laying off people is expected but growing companies llaying off people is newsworthy