Thread regarding Oracle Corp. layoffs

Oracle layoffs in 11 Days! 236 Million in lay off packages, and many old HQ offices are up for rent

There are a number things coming together that makes me think this summer will lead to some major house cleaning especially in the old California offices. We do know from the latest 10q that 236 Million has been set aside for layoff packages. My assumption form experience is that this will be a big event starting with the new FY23 fiscal year on June 1 2022.

Due to Covid-19 the warn notice has been suspended in California. Oracle has officially moved its HQ to Texas. What this provides for is a once in a lifetime opportunity to shut down the old Oracle HQ and hand a lot of people walking papers with out triggering any alarm.

Additionally many of the Oracle offices including the old HQ have been listed for rent. All together I believe the events paints a clear picture of a mass layoff in California this summer starting June 1 2022.

I have no insider information but have experienced the Oracle machine and how it maneuvers. I believe I am correct and doing the best I can to help people prepare. Best of luck everyone!

Original post with breakdown is here @OP+1gFIQNpG:
https://www.thelayoff.com/t/1gFIQNpG

https://www.propertyshark.com/cre/commercial-property/us/ca/redwood-city/200-oracle/
https://www.commercialcafe.com/commercial-property/us/ca/santa-clara/oracle-santa-clara-7/
https://www.commercialsearch.com/commercial-property/us/ca/santa-clara/oracle-santa-clara-9/

ORACLE SANTA CLARA at 4220 Network Cir Bldg 22, Santa Clara, CA 95054
4160 Network Cir Bldg 16, Santa Clara, CA 95054 · For Lease $2.25/SF/MO

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| 12881 views | | 35 replies (last August 16, 2022) | Reply
Post ID: @OP+1gPG2i8V

35 replies (most recent on top)

Wow. Pretty on point. Except starting August.. Wish I'd seen this before I signed my contract 😔

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Post ID: @1qqkt+1gPG2i8V

Late to this, but while the CA warn notices were suspended in 2020, they were reinstated last year. Since you don't even know this basic fact, it's kind of hard to trust you on anything else you claim to "know" Will there be layoffs? Sure, they've started already. But you're just guessing like everyone else and dressing it up as something more.

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Post ID: @14kbe+1gPG2i8V

Just more nonsense being posted.

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Post ID: @Lbbk+1gPG2i8V

Anyone been “purged”?

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Post ID: @Kbcg+1gPG2i8V

any news about this? (posted 8 days ago)
"Purge has begun. Will continue through Aug"

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Post ID: @Igrs+1gPG2i8V

Purge has begun. Will continue through Aug.

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Post ID: @Avgd+1gPG2i8V
I just got a job offer yesterday from Oracle. They said they have good budget as part of 1st quarter (1st June). Any thoughts? Should I take it?

No, Oracle is not a company I would recommend.

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Post ID: @yyjy+1gPG2i8V

I just got a job offer yesterday from Oracle. They said they have good budget as part of 1st quarter (1st June). Any thoughts? Should I take it?

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Post ID: @yqfw+1gPG2i8V

This was total cr-p.

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Post ID: @kbyl+1gPG2i8V

I don’t think anything happened. Nothing that I heard about. A few years ago there was better information here. Now there’s a lot of nonsense being written on this board.

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Post ID: @hhqe+1gPG2i8V

Consolidating Mgmt should exterminate some of the rats.
Will be interesting to see who survives.
Maybe they will eliminate the most transparent; those that kiss up the most, take more time off, have higher turnover, less profit and questionable expense reports.

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Post ID: @gpeh+1gPG2i8V

What locations might offices be closed?

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Post ID: @geya+1gPG2i8V

Then, there is always the revolving door. Oracle is always open to those who know how to scratch and claw their way back in. The rats will be there to turn out the lights.

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Post ID: @bxkk+1gPG2i8V

Last day for some perhaps.
Good luck to everyone. Will be good for some and not so good for others.

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Post ID: @bdwf+1gPG2i8V

Tic toc

Tic toc

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Post ID: @bftl+1gPG2i8V
I bet they are not paying for your move either.

I would not take that bet even if you gave me 1000:1 odds

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Post ID: @9lnb+1gPG2i8V

The last weekend before the purge is half over. Good luck to everyone next week.

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Post ID: @9ips+1gPG2i8V

Is this the thread you want to bury. That won’t change anything.

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Post ID: @7awt+1gPG2i8V

Only 2 work days left after today. If you work at HQ in the Bay Area, sounds like you need to hope for a package. If I understand the other poster, they will be reducing salaries to force people to move to Texas. I bet they are not paying for your move either.

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Post ID: @7ftt+1gPG2i8V

5 days left. Be prepared.

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Post ID: @6uzy+1gPG2i8V

I hope to live in very interesting times. Truth is important.

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Post ID: @4pig+1gPG2i8V

One week and some will be liberated.

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Post ID: @4tdf+1gPG2i8V

Eight days left. Hoping June is a very interesting month.

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Post ID: @3oms+1gPG2i8V

The SCA buildings have been for rent for quite some time (I think around mid-2018), but RWS200 I didn’t know about, that is interesting.

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Post ID: @3nzg+1gPG2i8V

9 days left. Your days are numbered!

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Post ID: @2awk+1gPG2i8V

10 days! Counting down

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Post ID: @1xeb+1gPG2i8V

This post is WRONG!

It’s not eleven days anymore!

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Post ID: @1sgf+1gPG2i8V

Clay asked his directs to start putting their lists together. Mahesh’s group and Jae’s group are going to be hit particularly hard.

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Post ID: @1fho+1gPG2i8V

I can’t wait!

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Post ID: @1tnd+1gPG2i8V

Can I be on that list?

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Post ID: @1itr+1gPG2i8V

It’s on. Lists are already being made.

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Post ID: @1xvs+1gPG2i8V

Does anyone still work in the Santa Clara building. I am seeing "full building" up for rent.

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Post ID: @hlw+1gPG2i8V

Fantastic!

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Post ID: @fsy+1gPG2i8V

The bigger the better. We could use the increase in shareholder value.

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Post ID: @ctj+1gPG2i8V

Seems plausible, even probable. What comes after is the question.

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Post ID: @xhx+1gPG2i8V

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