Thread regarding Oracle Corp. layoffs

Another round of massive lay offs in September?

Today in the cafeteria some group of people were discussing the possibility of massive layoffs in the month of September in the dynamic org that is most discussed in this site. Actually that's the only topic most of the people are talking about these days.

I opine that the company can not afford to have this long lasting fun year round and still plan on acquiring the best talent to build "The next thing" what ever it may be. ( Actually Can some one point out one of the greatest product that came out from the company in this millennium and greatly adapted by people in the industry across Globe?)

Or

There is some thing massive happening inside the closed doors that average tom d--k and harry are completely unaware and will definitely be dazed.

Either way, people running business will take of business. At the worst, business will be closed and still, those running business will be filthy rich. Its the sincere hardworking people at the bottom end of an organisation chart that work so hard to get the ends meet will be most effected.

Peace.

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Post ID: @ZyI2Cp6

11 replies (most recent on top)

When upper leadership leaves voluntarily or not the gap is never filled. What happens is the house of cards start to crumble. Why because a bright light show some of the lies that where being covered up.

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Post ID: @ZyI2Cp6-2bdi

Business today:

Our people are our greatest asset.

They are also very expensive, so when things go pear shaped, they are the first thing we cut.

Except high level execs. They always stay no matter how much they cost.

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Post ID: @ZyI2Cp6-2dnk

It's true. The most reliable news are what you hear from folks in the cafeteria. It's like that in most companies Leadership will never openly share those news because much of their bonuses are tied to cost cutting/bottom line/share price. That means eliminating the jobs at the bottom to boost their payout. Cutting jobs is the fastest and easiest way to achieve that bottom line. That's how it works and has always been the case. Plus it makes sense as you see all the events roll out over the weeks to come.

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Post ID: @ZyI2Cp6-2mbp

This one is probably the best. I overheard some people in the cafeteria talking about layoffs. Since I’ve been at Oracle people have always been in the cafeteria talking about one thing or the other and you know what, they don’t know sh--

Speculation, guesswork and rumors. All the hallmarks of classic lazy underachievers. Why do they constantly talk about the fear of layoffs? Because they know they’re terrible underperforming employers and a layoff or rif is an obvious and expected outcome for them

And yes it’s true, oracle executives spend their time on the weekends scrolling through this somewhat defunct site taking everything they see to heart

What losers. This is exactly the reason oracle has layoffs, cut the bottom 5% of lay snouts that sit around in the cafeteria doing nothing but wasting time and company money

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Post ID: @ZyI2Cp6-1axd

Dear Diary...

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Post ID: @ZyI2Cp6-cax

wow, really?

you heard this in the cafeteria at lunch from a bunch of yahoos?

must be true.

Where else would it come from? Never hear anything from leadership...

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Post ID: @ZyI2Cp6-fdw

wow, really?

you heard this in the cafeteria at lunch from a bunch of yahoos?

must be true.

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Post ID: @ZyI2Cp6-dbx

Royally !

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Post ID: @ZyI2Cp6-mqb

Your all f---ed.

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Post ID: @ZyI2Cp6-aik

Anything is possible. Important people have left for Google and other places. That means there are vacancies to be filled and reorganization still to be done. There could be additional layoffs to be done along the way. If the numbers are bad for the last quarter, that will add to all of it.

There are other companies to work for. You don't have to stay and deal with this.

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Post ID: @ZyI2Cp6-hwe

As per 10-k filed with SEC,

https://www.sec.gov/Archives/edgar/data/1341439/000119312518201034/g568983g38l64.jpg

from 2013 to 2018, Orcl seems to be on lower end in terms of cumulative return (from 100 to 150 ) compared to S&P 500 (100 to ~180) and S&P Information Technology(100 to 260). Probably 200+ is where it should be.

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Post ID: @ZyI2Cp6-tun

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