Thread regarding Oracle Corp. layoffs

The attrition tsunami is about to hit

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.

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| 3441 views | | 26 replies (last February 18, 2022) | Reply
Post ID: @OP+1eXreFh5

26 replies (most recent on top)

Sales Engineering is throwing up a 2 foot wall to hold back an 11 foot surge. Good luck!

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Post ID: @pags+1eXreFh5

Any hiring spree by orahole will be cheaped out. They will hire the cheapest and worst they can find. The new hires will be trained by the corrupt management and remaining clueless people who can’t get a job anywhere else.

Hiring spree disaster coming after the tsunami hits!

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Post ID: @fetc+1eXreFh5

Three on my extended isv team this week!

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Post ID: @7oud+1eXreFh5

Evict the bankers and put people with engineering vision in the executive ranks. LE doesn’t count. Neither does the spreadsheet lady. You put moneychangers in charge you get a giant financially engineered “business”. Remember Microsoft under Ballmer? A joke that was sliding into the drink. Then they got Satya and look at them now.

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Post ID: @7cii+1eXreFh5

What’s happening at Oracle happens to every aging company when the very thing (and people) that propelled it’s success now hold it back. In this instance, while not necessarily a fan of “creative destruction” this might be the only way through for the firm.

At present we’ve three groups: Longstanding hangers on, with nothing left to offer except in living through the past. Climbers who’ve managed to get a toe-hold in the ranks of senior management (a real mystery how they got there), but have never really had anything substantive to offer. And everyone else. This last group is a mix honest, hard working professionals. Those using Oracle as a stepping stone. And, sadly, a good number of lost souls with no sense yet of where to go, assuming they’ve anywhere to go.

Bottom line, no business enterprise, certainly no world class enterprise, can succeed in such a state. In the past, many such companies could hang on for decades before going bust. In tech, however, the lifespan is far shorter.

Oracle has had a terrific run and still has the bones of greatness within it. Selfishness and myopia, counting money vs being innovative, caring about shareholder value vs the actual people who are generating that value, standing in place vs having a vision to walk into, dwelling on what was built vs what might be, these thoughts would be the basis of a genuine conversation worthy of a great company, and the people who created it, that they might find renewal and greatness again.

I’d like to hope we’ve got a chance, though it’s hard at the moment to see it.

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Post ID: @6jsr+1eXreFh5

Thanks C M

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Post ID: @6pkp+1eXreFh5

16 year Oracle veteran here in development. I’ve been getting RSUs every year for a decade, and occasionally a cash bonus as well. Raises have been anaemic, yes. But RSU grants have been steadily increasing. It’s not all doom and gloom and probably greatly depends on the business unit.

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Post ID: @5lsm+1eXreFh5

Raygun and HELLison are birds of a feather. They were probably golf buddies.

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Post ID: @5iba+1eXreFh5

That is what you expect, but is it what you see?

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Post ID: @4tsd+1eXreFh5

From a 77 year old I expect wisdom, knowledge and understanding based upon many years of service.

Reagan said it best, “I am not going to exploit … youth and inexperience “ an issue.

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Post ID: @4sxv+1eXreFh5

Remember Oracle is ran by a 77 year old, so what do you expect?

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Post ID: @3etp+1eXreFh5

“they are desperately short of engineers”

Perhaps because they are asking engineers to do everything; prospecting, discovery, sales and implementation, all with less take home pay, and declining bonuses! The commoditization of our talents by the SR roulette system doesn’t make it any easier!

If you think they are short now … just wait!

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Post ID: @3amh+1eXreFh5

I wonder how LE would react if every employee at Oracle quit next week?

Would he just say, that's great, I'll move everything to India?

Would he wonder what he did wrong? (I doubt that very much)

Wouldn't that be just what he deserves though, everyone quitting at once. He shouldn't be able to keep anyone there at all with the toxic environment and lack of raises and bonuses.

Mostly what the OP is saying is that there are going to be a lot more people leaving this coming year. They seem to be speculating that there will then be a hiring spree. At Oracle those two things don't necessarily go together.

Always remember what LE said about letting things "melt away". He might be completely thrilled that people are leaving. He might have completely different plans than a hiring spree. Nothing it simple at Oracle.

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Post ID: @3wsk+1eXreFh5

There is absolutely a hiring spree going on - they are desperately short of engineers, not only to support the Cloud and their "legacy" products, but to backfill the people who are streaming out the door.

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Post ID: @3zud+1eXreFh5
Oracle is the worst tech company out there. Small, medium, large, it’s the worst. The mgmt are the most incompetent messes. Half my managers wouldn’t get hired at Walmart.

You are absolutely right. I worked in a dozen or so other companies before I was acquired into orahell. Horrible place.

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Post ID: @3unw+1eXreFh5
Oracle is the worst tech company out there.

This is where you are wrong, my friend. Oracle is not a tech company, it is a holding company for acquisitions. They acquire, they chew up, they sp-t out. For that they are one of the best.

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Post ID: @3mis+1eXreFh5

Oracle is the worst tech company out there. Small, medium, large, it’s the worst. The mgmt are the most incompetent messes. Half my managers wouldn’t get hired at Walmart.

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Post ID: @3lzs+1eXreFh5

The problem is you won’t get promoted unless you $$$$ your manager 888
All the status quo challengers are gone. Oracle in death spiral

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Post ID: @2wfp+1eXreFh5

No oracle hiring spree coming, unless maybe it’s in India. They will replace people that left with the cheapest people they can find. Those they don’t replace are just “melting away” according to plan.

That’s the Oracle way. You don’t want to work there anyway.

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Post ID: @2ehe+1eXreFh5

Yeah, that Management by Ridicule doesn’t work anymore. The past two years has stripped away the facade. how-when-where we work, but more importantly, how we think and feel about work, employers and careers.

It’s about time!

Employers who cannot adjust will only attract talent they can coerce or bribe. With so many other choices, including self employment, why would anyone work for ORCL?

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Post ID: @1hyn+1eXreFh5

I've been out nearly 4 years now and there is no way I'll ever go back, none zero zip. It was realyl bad then and now it has to be absolutely insufferable.

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Post ID: @1qvv+1eXreFh5

There may be a hiring spree, but that doesn't mean that Oracle will be able to hire good people. The word is out on Oracle. You don't want to work there.

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Post ID: @xbc+1eXreFh5
If I don't see 5-6% boost in the next few months then I'm outta here too.

You just need to leave. Oracle is a waste of your time! Get out like I did.

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Post ID: @tlm+1eXreFh5

The Directors and VP keep going on about how great the company is going but when the time comes to discuss salaries, it's "oh sorry we don't have it in the budget. " Then you see they're acquiring another company. It makes me nauseous to listen to our dear leader say 'Performance Based Compensation' in the all hands meetings which is a LIE. All I can say is that what goes around, comes around. I'm practicing 'compensation based performance'. because i have found that even when I delivered above expectations that the rewards were like 2%. TWO PERCENT. and nothing the past two years! I've kept my skills up to date. If I don't see 5-6% boost in the next few months then I'm outta here too.

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Post ID: @hwg+1eXreFh5

There is not only quantity, there is quality, and that represents the greatest risk to Oracle. True, they have vested stock as a way to hold new hires, but if they are good and smart, that simply becomes part of the negotiations with the new company!

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Post ID: @tiw+1eXreFh5

I think the people left just don't have the drive to move and the rest don't have the skill. I had one guy get hired that didn't know two things about the cloud and he bounced around because he was basically useless. Then 2yrs later he gets a job at a competitor. The people who have been there 8+yrs they just waste away and yeah they aren't gettin bonus's etc but they aren't really doing anything either. Unless your manager is a total A@@ <-- and trust me there's a lot of those. You'll just waste away on the corporate welfare system.

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Post ID: @mww+1eXreFh5

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