Heh. You are FAR too optimistic, my friend. S.C. is three steps ahead of you already. The spreadsheet analysis has been done.
The first round of layoffs for calendar year 2020 begins on Tuesday, January 7th.
S.C. has already circulated memos telling management to begin cutting expenses. First up is minimizing travel expenses for 2H FY 2020, particularly for internal meetings. Trace expenses are going to be cut 50% starting immediately in the New Year.
Oracle is on a HUGE mandate to begin growing profits and EPS through cuts. Reason being is that share buyback sugar high through easy cash is pretty much done — Oracle has put itself in major debt and starved itself of cash over the past few years by buying back shares to prop up EPS. Can’t borrow any more money, so the REAL belt tightening begins right after the Holidays.
No joke, on very good authority. Serious layoffs start right after people get back. No group will be spared. Combine that with expense reduction, and Oracle will be following HP by “saving” and cutting its way to short term profits. Again a move that will only work as a sugar high for 1-2 years.
Seriously, get out while you can and while the economy is good
From Post ID: @12EKON1L-hcl