Target is less than 9000 people worlwide. 3 different rounds, with different targets.
First round will close in may, US as usual got hit first, next in turn is LAD and APAC, then EMEA. Slightly more than 2000 people affected overall.
Second round will close in october/november, around 6000 people.
Last round will close in december, small number of people but many M5/6/7
Can anybody confirm this as the truth, or has anybody heard something similar about this scenario being in play?
"Most if not all M6 and up have some sort of employment contract which makes summary firing unlikely."
Well, they can be fired, but their payoff is usually pretty rich.
there are about 20 M8, about 175 M7, about 1500 M6 and about 3200 M5.
out of 137,000
so looking to see layoffs for M6 and above is not very likely. M5 and up only make up about 3.6% of the whole workforce, and M6 and up about half of that. so seeing blood in the M6 and up territory is pretty darn rare. Most if not all M6 and up have some sort of employment contract which makes summary firing unlikely.
“Just note that there aren't MANY M7 managers. This is how accurate this writing is. :-)”
Are you really working st ORCL? In my floor, there are 12 M7/8 out of ~100 people.
The simple truth is that oracle will lay off as many people as they need to make EPS look good. Therefore, nobody knows what that number will be, it’s decided on the go so to speak. Anybody who claims to know the number is deluding themselves and others. Think of layoffs and share buybacks as tools to hit a moving target - growing EPS.
Just note that there aren't MANY M7 managers. This is how accurate this writing is. :-)