https://www.crn.com/news/cloud/hundreds-of-oracle-layoffs-revealed-to-california-regulator
13 replies (most recent on top)
"we will still maintain a skeleton of the useless hw systems org"
Which generates 3.6B in sales
"2000 people worlwide are affected in the first phase. second phase is around 6000"
Nope. No where in history does a company do a small first cut; then plan a larger second cut months away. It just does not exist sans some major market shift in the same year.
The first cut is always the large one; followed by, maybe, smaller incisions.
Post ID: @YiiLSHT-rpa
The big Solaris RIF of 2017 was on a Friday. The Friday before labor day, Sep 2017
"Layoffs are going east and already happening in Europe all around Asia. The initial posts that it is about 5000 for this year are actually much closer to reality and highly likely underestimated."
around 2000 people worlwide are affected in the first phase, closing in may. most of them in US, but EMEA and APAC also will have some rif's
second phase is around 6000, and will be done in september/october after a full reorg.
two different major orgs will stand out after the reorg, DB (with a very sharp focus on cloud dev) and cloud (basically everything under universal credits), with some very tiny other orgs around covering everything else (incredibly enough, we will still maintain a skeleton of the useless hw systems org).
those who will not move under db or cloud orgs, will much likely be heavily cut in the 2nd phase.
last phase in end of CY, where also many M will be affected.
this is the last time I will write anything here, since there are far too many wrong infos floating around and even if I think that sharing infos is essential for every community, the noise it's becoming very annoying.
These news reporters just don't get it. The "layoffs on May 21 at HQ" already happened - on March 21. WARN requires 60 days of pay, so those folks are getting a "free" 2 months pay on top of whatever severance they got. This is not Oracle being nice guys, this is the legal requirement for large layoffs in California.
Sales org layoffs, if they’re gonna happen, won’t occur until the end of FY 2019. June 1st will be the target date.
May 21 is the effective date of the layoffs that have just happened.
Employees were given 60 days notices.
Best thing I can think of is see if Lar's facework doct#r has friends and family rates for over 50s and a payment plan .
My elderly dog just said that "free will is an illusion".
Yah, I had lunch with the Board of Directors today at Oracle.
They said that that is it. Just needed a small clean-up from TK's departure and re-calibrate the cloud initiative.
"I was talking to an HR director "
LOL. The HR director just laid it all out for you, right? Your post is so self-serving and riddled with inconsistencies.
"The sky is falling," but I'm just going to wait to get laid off. Yah, okay.
I'm guessing you're just another embittered layoff casualty who couldn't land back on his/her feet.
The 6 years I have been with the company, RIF day has always been a Thursday.
I was talking to an HR director and apparently the extent of layoffs is way wider than about 1000 that has been notified so far. Layoffs are going east and already happening in Europe all around Asia. The initial posts that it is about 5000 for this year are actually much closer to reality and highly likely underestimated.
The major layoffs will be in OCI, Sales, and Apps. Apparently they poured loads and loads of money into OCI to replace oci-c, which it did (oci-c was less than 600 people in total, oci is about 10 times that) to some extent but not for the cost it is imposing. The Apps are absolute failure on moving to cloud because of loads of reasons, main one being performance, API and GUI.
Sales seems to be failing to sell them and thus being soon axed further and further and replaced by cheaper labour.
All in all, if the restructure that is being planned and applied continuously till end October does not turn things around, which it wont, ORACLE is gonna be needing more that just buybacks to keep the ship afloat.
I am just waiting to be laid off, trying to spend an hour or two getting up to speed with what is going on out of oracle box to be ready for a new job. The least I can get out of this is the severance package.