Thread regarding Oracle Corp. layoffs

It appears that Oracle's largest global layoff cycle ever is set to begin June 1 2019

Oracle is changing its corporate structure globally this June. This is unprecedented, as Oracle has not made such a large structural change to its legal corporate entities in decades. Oracle HR is preparing for some massive corporate restructuring this summer. In some cases HR is outright telling employees there will be "massive multi-phase global layoffs." Business partners are being told to expect a massive reduction in force and asked to step in to fill key missing gaps.

This is not the usual list of rumors. Usually we get something like "I hear massive hits are coming next week in OCI" These recent set of posts are orders of magnitude larger. I've pieced together some rather interesting tid bits of this summer's layoff, with a supposed role out starting June 1st with a new corporate structure. This information is from data gathered from Oracle HR itself. I have included the links to some rather tell tale posts, and they in turn have links to new media and other articles. Click the links to review.

@YZAhBGS

The Senior Director of Human Resources for Oracle in Canada announced on April 29th the following Global Corporate Project.

Driving Efficiencies at Oracle—Global Corporate Project

Oracle is implementing an efficient, long-term and sustainable global services corporate structure. Our Human Resources team, along with other cross-functional teams, is helping to implement this effort.

Currently we are focused on reviewing Oracle's internal structure for global activities including cross-country expense charge backs, research and development (R&D), and billable consulting with regard to cross charging mechanisms to help us be more efficient.

@Z01hMqV

...In the meeting, the company’s head of human resources for the Asia-Pacific region announced that per orders from the U.S. headquarters, Oracle was planning to make some major changes to optimize its business structure, which would inevitably result in huge multi-phase staff reductions globally.

@ZailU5f

On premises and cloud business at Oracle will be split in two. New clearly defined organizations will be formed to support both... the on premise division is slated to be formed only to be culled to bare bones.

@YgvTNcr

Around the same time, Oracle was hiring new people, many of them engineers coming from Microsoft's Azure division and Amazon Web Services who demanded hefty salaries, that former employee told CRN. Those hires were an attempt to turn around a struggling cloud infrastructure services division, he said.

Talking to his former colleagues last week, that employee told CRN those current Oracle employees anticipate thousands of more jobs will go.

The CEO of a large Oracle partner with close ties to the company's internal employees told CRN many of those well-informed contacts expect between 5 and 10 percent of the workforce in North America to lose jobs.

Brace yourself... this could be the big one! We have never seen statements this big in scope before. It makes sense as cloud is not growing, seems to have no hope, and on premises is slowly dying. Oracle might be desperately trying to make some serious changes to corporate structure and to the number of employees it has globally.

What do you think? I have no inside track at the executive level. I have no contacts in HR... any confirmation on this legal corporate restructuring craziness, with "massive multi-phase global corporate layoffs?"

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Post ID: @ZdWwEaS

31 replies (most recent on top)

chip design, the old Microelectronics, is dead since 2017. SPARC roadmap is confirmed to end with M8, everything following has been cancelled (M8+ or M9) even if they were well under development, M8+ was finished and ready to be produced. everything else (IB, network, etc..) was cancelled even before 2017. there is no hw development in Oracle, only hw-sw integration like in engineered systems.

OGS has been approved and started in EMEA and JAPAC, partially approved in LAD, not approved in NA. work councils in EMEA have been already updated, and incredibly enough in Germany they approved the new OGS which will start in FY20 also there.

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Post ID: @ZdWwEaS-5fdm

tinfoil.. China Development is political. Full stop. Did you forget Russia Development?

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Post ID: @ZdWwEaS-5puk

Oracle chip design ended in Sep. 2017. MS stayed on to help evaluate chips from other vendors.

BN, Senior Vice President of Solaris engineering, is on his way out too.

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Post ID: @ZdWwEaS-3flj

Changing political climate? Perhaps that's just an excuse to drop employees and save on costs. Trade war with China? Drop Chinese employees. Oh that is just Asia pacific... we are safe. Sure, but be sure don't over look the fact that Canada the US and Europe are all also undergoing the same massive reorganization.

Its a perfect time to layoff a ton of employees globally and shut down some stale places that are not producing profit and hurting earnings per share. That's what the "shrinking game" is all about keep EPS high and the stock goes up as you shrink. Bets resource to burn? The one with the biggest annual recurring cost. Human capital.

Toss a few logs of human capital on the fire and you can keep running the layoff engine for a few more years inflating EPS all the way. Simple strategy and its highly effective when you have customers who have to pay support because they cannot easily get off of your products. I mean they are running their business on Oracle software.

So here you go, best liability to burn... employees. Simple and effective. But you have to stay ahead of the cost curve, always cut before the revenue declines are you are sunk...

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Post ID: @ZdWwEaS-3acy

@ZdWwEaS-2mqy

"Well, the Super head head (that is head^2) of HR in N America says that's wrong."

They can't lie??? First you confirm this is happening then you hide behind the super duper ultra secret head of HR to contradict it, so which is it?

P.S. So what is the changing political climate to cause all this?

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Post ID: @ZdWwEaS-2zus

"China's development center suddenly gets blown away and the head of HR confirms huge global multi-phase layoffs are coming."

You don't think this has more to do with the current geo-political climate? You people live in a micro-world --- but as long at it can be shoehorned into your end is nigh narrative.

Well, the Super head head (that is head^2) of HR in N America says that's wrong.

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Post ID: @ZdWwEaS-2mqy

@ZdWwEaS-2xyx

Appreciate the info, thanks.

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Post ID: @ZdWwEaS-2jvq

@ZdWwEaS-1mau

MS is on paper only, no reports, not included in FY20 planning. Chip design doesn't seem to be a high priority and roadmap says nothing new coming. His people may be rolled under some other ES placeholder but no word on the street that the position will be filled again

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Post ID: @ZdWwEaS-2xyx

@ZdWwEaS-1mau

MS is an IC now? Wow, Is he really still there or is this just employment on paper? I guess Chip design is going down the chute.

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Post ID: @ZdWwEaS-2ehm

@Z01hMqV source: https://supchina.com/2019/05/09/oracle-to-lay-off-1600-staff-in-china/

I think that post is pretty hard core. China's development center suddenly gets blown away and the head of HR confirms huge global multi-phase layoffs are coming. That's all I need.

But couple that with the mass exodus of high ranking executives and managers in the know, and certainly something is up. When the rats that climbed to the top of the sinking ship jump off, you know something big is about to happen.

You don't have to be told by the executives, when they leave so fast there is a skid mark in the parking lot, their actions alone tell you all you need to know.

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Post ID: @ZdWwEaS-1cqe

Under ES - MS from Sun is an individual contributor now, he was SVP of Microelectronics, that says something about the state of future hardware from Oracle.

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Post ID: @ZdWwEaS-1mau

I don’t think exec such as AZ leaving says anything about the state of the ship and whether it’s sinking. Folks also leave because they no longer have a role to play in the new world OR because some other place may be better for them personally

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Post ID: @ZdWwEaS-1egv

AZ also left. It may not be June 1st. Oracle is slow to do anything, but the executive departures do mean something. It means they know the ship is going down. Something is bound to be in the works.

Who is AZ? Or better yet, what was AZ's official title?

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Post ID: @ZdWwEaS-1deg

AZ also left. It may not be June 1st. Oracle is slow to do anything, but the executive departures do mean something. It means they know the ship is going down. Something is bound to be in the works.

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Post ID: @ZdWwEaS-1pvh

Both CEOs have $108 mil package each. For efficiency, it should start from the top. The total of their annual package is equal to about 2000+ useful brains considering each employee average out $100K. That 2 sticks pretty useless anyway.

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Post ID: @ZdWwEaS-ueo

"Who has this kind of time? Conjecture based on conjecture?"

Think laid-off and no other prospects. I am guessing this unemployable cretin is taking a stab at dime store fiction writing.

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Post ID: @ZdWwEaS-auo

"Not rumors:

Executive departures:"

LoL. Most of them were pushing service time into the decades. You were expecting them to live and die at Oracle?

But I digress ...

If they didn't leave, it would be 'they are mo--ns; holding the company down." Now since they left, "it's obviously doom n gloom and an ominous sign."

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Post ID: @ZdWwEaS-wno

My favorite is quoting from a Chinese media source. LoL.

I remember it was mayday May. But since the month is almost done and nothing happened ...

So mark yer date books: June 1st.

Let's see how quickly this gets changed into 'fer sure .'

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Post ID: @ZdWwEaS-ohv

Not rumors:

Executive departures:

TK: President of product development (13 years)

PA: Vice President Product Management - Oracle Database (22 years)

HD: Senior Vice President, North America Technology Solution Engineering and Cloud Customer Success (19 years)

Oracle Corporate restructuring globally June 1st

Driving Efficiencies at Oracle—Global Corporate Project

Announcement in the news:

...In the meeting, the company’s head of human resources for the Asia-Pacific region announced that per orders from the U.S. headquarters, Oracle was planning to make some major changes to optimize its business structure, which would inevitably result in huge multi-phase staff reductions globally.

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Post ID: @ZdWwEaS-diu

LoL. more doom n gloom and sky is falling nonsense. so the date is now june 2019?

Exactly. When July 1st rolls around, they'll say, "no, wait, it will definitely happen on x/y/z. I am certain of it!"

Quoting some rumors from this site are not fact worthy. Quote some real facts if you want people to believe you.

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Post ID: @ZdWwEaS-fse

This year is decidedly different. In addition to statements made by HR "Oracle is planning to make some major changes to optimize its business structure, which would inevitably result in huge multi-phase staff reductions globally."

Lets not forget. We have very senior tenured executives in product development jumping ship this year. I will give you the top three I know of:

TK: President of product development (13 years)

PA: Vice President Product Management - Oracle Database (22 years)

HD: Senior Vice President, North America Technology Solution Engineering and Cloud Customer Success (19 years)

... please help complete the list.

What do you think? Business partners and HR reporting in news channels a massive layoff is coming. Senior executives all leaving at the same time. A major corporate restructuring event called "Oracle—Global Corporate Project" all these things point to ... what exactly?

If anyone looks at this as says... "business as usual" I'd say you aren't very good at predicting trends. MH has squeezed this company since he joined in 2010. Massive turn over in sales, product development have occurred since he joined and continue to do so. Little to no investment in products or people (no raises in over a decade) constant layoffs, and multiple core products heading into maintenance mode. Law suits over hiring and employment practices, lawsuits over earnings reports, lawsuits with the us government, multi billion dollar corporate quarterly stock buy backs... the list goes on.

I'd say its going to be an interesting summer at Oracle, and anything but business as usual.

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Post ID: @ZdWwEaS-unz

I guess this OGS reorg is just about saving taxes in the US.

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Post ID: @ZdWwEaS-qks

Thank you? Who has this kind of time? Conjecture based on conjecture? Sure, corporate structure could change and new legal entities created and people shifted to those for accounting purposes. Companies do that. Why dont we just focus on trying to make things work. This constant focus on conspiracies is very tiring. Things will happen. People will be laid off. People will be hired. Times change. Try to enjoy your time. It's very short.

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Post ID: @ZdWwEaS-pty

LoL. more doom n gloom and sky is falling nonsense. so the date is now june 2019?

okay, let's all put on our tinfoil hats.

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Post ID: @ZdWwEaS-zos

I'll advance my theory again that the purpose of this global restructuring is to make portions of the company easier to sell. Cloud companies don't need large international "feet on the street" workforces and RS-style support organizations.

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Post ID: @ZdWwEaS-dbd

Look no further than Previous victims of the Turd’s genius- NCR and HP - Oracle is merely the next victim and LE is an a-- for letting it happen to his company.

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Post ID: @ZdWwEaS-gue

Mark Hurd has said :"Canucks are screwed" )=

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Post ID: @ZdWwEaS-apq

The purpose of creating separate sctructure and moving people there is that global roles are not subsidized by local operations but funded from global budget. Which totally makes sense considering that some countries have large number of roles working on global projects but local sales do not generate enough revenue, i.e. Mexico and India.

There's absolutely no reasons to suggest that this will lead to massive layoffs, in fact Oracle does not need any organizational changes to lay off as many people as they feel like.

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Post ID: @ZdWwEaS-jcx

buckle up kids, again and again and again.

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Post ID: @ZdWwEaS-xet

If you plan to stick around for June layoffs, here is a tip

It looks like layoffs.com supports text formatting using markdown protocol. Lets keep things tidy.

  • INDENT: A > at the beginning of a line will indent things or quote it.

  • BULLETS: A dash at the start of a line will create a bullet.

  • BOLD/ITALIC: Start and finish a string with an underscore ( _ ) to make it bold - two underscores to make it italic.

#formatting

Finally, a tickmark ( ` ) at the beginning and end if a string will turn into a 'code-block', try it it's cool

Hashtags work as well

2 days ago by Anonymous | 877 views | no reactions | 11 replies (last 2 days ago)

Post ID: @ZamoHz1

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Post ID: @ZdWwEaS-hlf

Wow what a post

Kudos

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Post ID: @ZdWwEaS-khj

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