Anyone heard rumors ?

Anyone here can share what if Oracle offers health insurance as part of the severance package? Mine doesn’t include health insurance so just want to know if what I’m being offered is fare

https://www.bizjournals.com/kansascity/news/2024/02/02/oracle-cerner-springfield-layoffs.html

The slowly sinking ship continues its descent. Sales RIFs today while ES continues to look for a buyer…

By all US cultural measures Larry is a major success. Be thankful for the privilege of contributing to his lifestyle.

Just got cut this AM. Looks like at least 10% of the B2C support workforce is being let go. I know of at least 7 others and only 84 in that group. So that is a good number.

I bumped into two people this week, one at IKEA, and one at the Mall. Both had been laid off in November. I had not heard! These are both folks who had mentored me in the past, so I was shocked. Keeping quiet is the Oracle way!

Some tech workers in the Bay are paid less than $100k and have been there for years. They have just accepted it and are still working there, even though they can switch companies and make more than double their total compensation. How are they... — read more 

Oracle's debt level, as of November 2023, has reached a staggering $88.8 billion, causing both intrigue and concern among shareholders and market analysts. Is this a red flag that Oracle is on the way... — read more 

EXCS and other items will be in the other 3rd party clouds soon ? Total Capitulation ? Do we believe to be true ?

2024 will be full of many joys and challenges. Live the joy to the full, and use the challenges for growth.

Thoughts? Any Oracle layoffs? Any chatter, news or rumors?

I am on vacation, SRs Sev1 keep coming up. I have to take the calls, so much for vacation. There is no overtime to be claimed. What should I do?

We have several layers of management that could be removed without anybody noticing. The problem is, when it comes to cuts, it's never the fat that gets removed. Oracle keeps removing the muscle, to the detriment of both the employees and the... — read more 

As we say. May you all find love, joy and peace, now, and in the coming year.

I am done working for the Hyperion Support team. This has one of the worst leadership who is biased. There has been nothing done so far and all we do is to react to escalations and follow what other teams are doing even if it does not make sense. We... — read more 

...and the Solstice reminds us of life's eternal promise of renewal, I'd like to take the time to remember that Oracle chose once again not to give their employees any sort of raise despite the increased cost of living. #NoFocals.

Wishing a very happy holiday season to all who are, or were, at Oracle. This can be a very difficult time for those who have recently lost someone, or their jobs. It can be hard to keep a smiling face at this time. If you can, please reach out to... — read more 

Looks like they have added disclaimer and cached org chart. Interesting !

The center of my story today is Larry Ellison’s masterpiece. He’s played a huge part in converting the Microsoft relationship from being arch-rivals, competing in many areas, which they still do, to becoming close business partners. And now... — read more 

https://simplywall.st/stocks/us/software/nyse-orcl/oracle Risk Checks We perform automated risk checks on every company. We flag any failed checks as potential investment risks. A company which passes all our checks, however, is not 'risk... — read more 

Is there any option if a top performer was targeted in mass layoff just coz I was not in good terms with VP.

Vote +1 if u see these scenarios, is it a common trait across the org? # 5+ yrs as IC with consistent best perf rating & no promotion. # Mgrs and upper levels getting promotion every other year. # Mgrs treating ICs like trash, taking credits of... — read more 

One of the biggest fails we have is our marketing and lack thereof. True marketing has been replaced by self-serve-self promotion of "personalities" along the lines of "likes" and "views" without any connection to actual sales or success. I've been... — read more 

Here is where we stand: "We recorded $243 million of restructuring expenses in connection with the 2024 Restructuring Plan in the first half of fiscal 2024 and we expect to incur the majority of the estimated remaining $366 million through the end... — read more 

Our stock fell 12% yesterday - markets were disappointed with our sales, particularly because growth slowed further for our Oracle Cloud Infrastructure business which our leadership believes will be a strong competitor towards AWS from Amazon and... — read more 

36b$ since the SUNW/ORCL merger. If ORCL had properly invested in HW then Oracle would be The Cloud instead of others.

Looks like with all the RIFs oracle is still bottom of the market. I guess we can say goodbye to any pay increases next year without more RIFs

Is it wrong to feel disappointed I was not laid off? I keep hoping to receive severance and it never happens. It's the best example of Murphy's Law I've ever seen. I'd happily volunteer but I have a feeling that would only serve to keep me off the... — read more 

I’m on vacation! Good luck, and Happy Holidays.

Is stressfull ?

If you make it past this day, you should be safe for all of 2023, until it all starts again in January. Meanwhile, if you have a scheduled meeting with your boss tomorrow, good luck my friend.

What does this mean? Just December, or something more?

Micro-management and interference with employees' work Public criticism or humiliation of employees Unpredictable and erratic behavior Emotional manipulation and playing favorites Overemphasis on results at the expense of employee... — read more 

From personal experience Hierarchy- SM > 2 , 3 executive VP > GVP > VP > May be another VP > Snr Director > Director > Group Manager > Senior Manager > Manager > 'You are somewhere here' Any one above you would rarely work. Many of them would not... — read more 

Just a quick 5 min zoom and a very long career is over. Even after serving my entire career, running a very large team, building software, minting $100+ Million in YOY revenue and I still could not afford a house. Stuck with legacy technology... — read more 

I was notified 2 weeks ago (by my manager's manager) that I was impacted by the most recent layoffs in the GBUs. Since then, I haven't heard a single thing from my manager or any of my team members. It's like I suddenly stopped existing. My manager... — read more 

Oracle market share dropped from 36% to 16% of the total database Market between 2017 and today. Oracle didn't lose customers, it just didn't catch any of the new cloud customers. Oracle cloud represents a laughable 1.6% of the total cloud market. ... — read more 

Today morning in the US multitude of people (including whole teams with Directors) in CX SaaS were laid off. They got 12 min meetings in the morning and were let go on the spot. Got meeting group meeting scheduled today, so may be we survived and... — read more