Ppl on this blog are wondering why there are not so much recent layoffs at Oracle... There is a good reason, In fact, expect the opposite to happen: a hiring spree. Not because Oracle needs more people, but to fill in the spots that are now, and are about to be, empty.
A tsunami is about to happen… A tsunami of ppl leaving Oracle. Unlike their competitors, Oracle did little to nothing to help their employees during this past two pandemic years. While money was pouring in like water and running cost significantly decreased, there was no extra time off for welfare, no extra Covid bonuses, no wellbeing credits while in the meantime expenses and travel are frozen. Nothing!
A vast number of ppl already left during this FY, but much more are about to leave. While shareholders and SC are reeking the benefits of the increased value of the company, many people in Oracle feel neglected. I don’t think senior management grasps the significance of the gestures our competitors made. The pandemic and close to two (2!!) years not being in an office, meeting colleagues and customers and getting nothing in return, emptied the resilience and good will bank. How is Oracle going to turn this attrition rate in Oracle? This attrition rate will surely hurt the business even more than it usually does.