From what I’ve seen a lot of good employees that made a difference to the company were let go in this round of layoffs. I don’t have to tell anyone that Oracle is a struggling company on many markets. I can't wait, but at the same time makes me scared to see how the company is going to be ding with some of the best performers gone. I anticipate a rapid decline of the work quality.
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"It more be more ethical of Oracle to first, announce layoffs and officially retire the products and stop selling support contracts. Certain markets like government and financial are locked in the short term and they're hoping to milk that as much possible for now."
Oh and Oracle has just been named by JD Powers as the most ethical company? Oracle NEVER stops selling support contracts, even when 100% of the engineers have gone. They sell Sustaining Premier support for all eternity -no fixes, no development, nothing but access to MOS docs - all at the 22% of list pricing. So if you are waiting for Oracle to suddenly get ethics - don't kid yourself - they prey on the locked in customers for every last penny.
" makes me scared to see how the company is going to be ding with some of the best performers gone."
Calm down, don't be scared. If you're an employee, be optimistic and positive about you and the company's future. It's going to be an exciting next 1-2 years run, then we'll evaluate.
Also, I dont think a significative number of good performers are gone, many are still around.. there is still enourmous potential for Oracle and huge potential for employees who stay.. but if you can't make your mind around it or layoffs are torturing you then keep reading this site every day and find other options outside Oracle.
Best
Oracle is so huge and has so deep pockets , that it will survive .Yes quality will go down if a product org keeps losing it's original brains behind the product.However there never will be shortage of new customers, since Oracle takes good care of consulting firms that recommend softwares.
What I worry about are the customers. I know there are many customers who have no idea that almost all of the engineers working on their product have been laid off. There is no reasonable way to even maintain the products in a timely manner. Forget about adding features some of which are needed (for competition, performance, reducing administrative costs, etc) -- this was just fixing bugs most of which we had to ignore to prioritize the escalations. Open an SR? hah! It just goes onto the ever growing queue. If they make a big fuss, we tell the TSC to tell the customer to officially escalate it. Then the bigger and/or richer company comes first. And that was before this latest RIF.
It more be more ethical of Oracle to first, announce layoffs and officially retire the products and stop selling support contracts. Certain markets like government and financial are locked in the short term and they're hoping to milk that as much possible for now.
If they weren't laid off, they quit. They've had some hugely talented, valuable people happily dance out the door to other jobs in the past couple of years. Executive 'leadership' daily demonstrates they don't give a rat's tail about the employees and those who can, leave. Others are shown the door, the rest remain until better opportunities present themselves.
Unless they're happy there, in which case, they are to be envied. I guess. Hope they get to stay if that's what they want.
Another self-serving post.
Let me summarise "oracle laid me off, i wish them unwell."