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.
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.
...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.
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.
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?"