Topics regarding layoffs at Oracle Corp.

Topics regarding layoffs at Oracle Corp.

What is with the promotion/ladder climbing culture?

I've heard from managers who were interviewing candidates that they are immediately asking how quickly they can get a promotion... There are so many on my team who cause a stir or simply quit when they don't get their promised annual promotion. Some... — read more 

Hiring freeze

And my contractor role is not converted to Permanent. One new teammate is joining as Contractor too. Is this usual practice for Oracle?

Did Oracle ever have job security?

I’ve been here for a little over two years and in all that time I have been worried about layoffs. I can’t believe that it was always like this. I can’t imagine spending ten or more years at a company and constantly having to worry about my job. When... — read more 

For you my dear Ex

Once a leader of our team, Now the bearer of bad news it seems. Your actions have caused pain and strife, Yet we must move on with life. You may have thought it was best, To let go of a valuable asset. But know that your decision had an impact, On... — read more 

Major culpable absenteeism with team members

I've been with my org since before the pandemic. We were converted to full remote workers at the start of the pandemic. I am finding people on my team are calling in sick once a week often leaving other colleagues attend meetings for them etc... — read more 

Marketing Layoffs

Do you think we’ll have more despite last year’s gutting? With JM being so cheap, it seems like he will be planning for more. SC and LJE have to be in his ear…

Is Oracle 131B Dollars in Debt?

Looking at the latest Q3 2023 financials it says under the LIABILITIES AND STOCKHOLDERS' DEFICIT section: Current Liabilities (debt that has a maturity under 12 months): 22.8B Non-Current Liabilities (debt maturity over 12 months): 110.6B Total... — read more 

Any news about Romania?

Hi all, I just wanted to ask if there is any specific news for Romania, regarding: Remote roles (what is on the table for us, if this is country-specific by any chance, or is something just for a few people, or is it at department level regardless of... — read more 

How is Oracle services doing ?

From Sec report, we see that Oracle services is doing poorly. Income is 1376 where as expenses is 1215. Not sure if the numbers are adjusted for stakeholders. Who leads this org? and were there any layoffs earlier on this ?. Seeing this as more... — read more 

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| 1830 views | | 1 reply (March 16, 2023)
Post ID: @OP+1lEseR3c

Which GBU are restructuring?

I’ve heard a few of the global business units (GBUs) under Sicilia are restructuring. Does anyone have any insight? This is all from the rumor mill

Expecting more layoffs to come

Well expected results for Q3. Oracle's operating expenses were so high and I expected Oracle to play down with restructuring. Oracle also handles litigation, acquisition expenses as part of its restructuring in addition to layoffs. This Quarter... — read more 

$342 million of severance in the next 3 months

Latest SEC filing: https://d18rn0p25nwr6d.cloudfront.net/CIK-0001341439/35a1d4a1-31e7-4358-99d3-c2d0a981e4a5.pdf From page 18: $342 million of restructuring costs (employee severance) in the next 3 months . $224 million in Cloud and license. $7... — read more 

8-K

Read the 8-k and it looks like there were $359 million in restructuring costs so far in FY23 which includes $78 million in Q3. Didn’t see a mention of forward looking restructuring costs but if we go off of past filings, there is still a significant... — read more 

Union?

https://www.businessinsider.com/tech-layoffs-allow-workers-learn-how-to-unionize-2023-3 Layoffs inspire interest in unionizing. Google’s layoffs did two things, my teammate Paayal Zaveri writes. They shattered the utopian illusion of working at a... — read more 

A proposition to the admin

Dear admin, Shall we frown upon posts that reference a specific date for RIF’s with ZERO clarification? Sincerely, The concerned majority

Oracle seems to be a follower more than ever, now

Google & others announe cutting higher salaries - and it's like uhhh you mean we can do that? It's like they are so out of touch they forget who pays the bills. The habit of laying off employees is all they seem to know. The rest of the world knows... — read more 

They’re watching you

You never know what the management will do next. They are watching your every move. Looking towards the next round of layoffs. You can’t trust anyone these days. It’s hard to tell whose in and whose out.

Oracle is destined to fail

We have a management that is scared of trying anything new. This has become a place where modern ideas and proposals go to die. We're stuck in the past while everybody else is moving forward. Instead of offering a better product, we're bullying our... — read more 

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| 2730 views | | 7 replies (last March 20, 2023)
Post ID: @OP+1lp2vcQe

Q3 Earnings Predictions

Oracle earnings coming up soon. Will there be a hit or a miss on revenue and profit? How much more money is left over to cut employees? How is Oracle handling Cerner and the VA boondoggle? How is SC and her spreadsheets approaching the... — read more 

Oh I see...

My management was so odd, so strange. I didn't quite get everything they were doing. But, I see it more clearly now. The run-on sentences followed by the DO NOTHING command tone. It worked, sort of, but it always looked a bit odd to me, and I was... — read more 

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| 2250 views | | 3 replies (last February 28, 2023)
Post ID: @OP+1llDoTlU

IC Subordination Nightmare approaches once again

subordination noun The act of subordinating, subjecting, or placing in a lower order, rank, or position, or in proper degrees of rank; also, the state of being subordinate or inferior; inferiority of rank or dignity. So here we are once... — read more 

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| 2940 views | | 8 replies (last February 28, 2023)
Post ID: @OP+1ljZlQGC

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