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/
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