I heard this was a sign for layoffs. I see a light at the end of the tunnel. I hope it's me this time
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Sounds like it's all good then! So what is everybody crying about?
Reposting what c2 had posted:
Staffing has dropped by 10k people in the past 4 months. (you can check current total by looking at the total direct reports for "Board of Directors" on connections.oracle.com).
Instead, an attempt to be helpful was made, but a couple of unable to interpret basic details people change it to a Slack question.
I dealt with some very intelligent people at Oracle, so I know they existed at one time. Were they all laid off?
Sad.
I did a check about a week earlier and it was 178,015.
178,015 emps? Does Oracle really need that many people to function? Just asking.
Yes, you list the exact thing I have asked for many times on this board, but has never been performed. Instead, some joker(s) do the imprecise Slack counts.
In August, the total number was 178,015. What does this count show now?
All hands at what level
The general meeting format of the past few years involves a statement about economic headwinds and challenging conditions. Exciting opportunities for employees to do more with less and for less.
Employees are central to our success and thank you for your service. However, make more cost savings and there's no money for pay or bonuses.
Oh, but here's an "exciting" employee development initiative.
All hands meeting happen every quarter. Its not about laysoffs
over 100 US new hires joining next Monday, been fairly consistent week to week...
@c4 anyone hired in March
@bj who has RSU vesting on March? I thought all of them are on September
it's the opposite. all hands usually means by that point major layoffs are complete.
the sign to worry about is rescheduling your org all-hands to a month later.
Layoffs at Oracle are always by stealth. In over 15 years I can't remember ever having anything "announced".
Staffing has dropped by 10k people in the past 4 months. (you can check current total by looking at the total direct reports for "Board of Directors" on connections.oracle.com).
@a8 Not only that, but is also recorder... it's a fake live, so yeah... have fun!
Layoffs occurs before March 5. They don’t want to vest your RSU on March 5.
earnings on mar 9-10
Possible. But the last all hands was in December after Q results. Layoff happened Aug-Sep. Also, they won't even talk about layoff in it or take any questions from employees. So, it's just a business cadence.
@a5 what I heard was that there is sometimes an all hands after layoffs. So I was thinking this might be a sign for layoffs before the earnings report
All hands to announce layoff ?? Never heard anything before