That's not what's going to happen, though, judging by previous rounds. Layoffs will be primarily based on who managers like or dislike for whatever reason. Who earns the most (mainly, the older employees who've been here the longest and have earned their pay) will also be targeted. There will be no objective selection.
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Oracle VPs and above are the very LAST people who will be let go in this layoff. Simply looking at history tells you that.
That said, there is one h3ll of a lot of dead-wood that can be easily preened out of Oracle.
Conservatively, approximately 20-25% of the current Oracle employee base could be removed with zero impact to the daily operations of the company. Safra knows this all too well, but is not prepared to take the hit for such a large layoff. Of course “Chain saw Mark” Terd would have jumped at the chance to lay that many people off, in a heartbeat.
So, the layoffs will just go in continuous and small axe actions across the company, to stay under the mandated reporting threshold numbers.
If your number hasn’t come up yet, it will unless you are protected somehow.
Low performers will be collateral damage. Target is management and organizational.
They do and it’s absolutely ridiculous to think otherwise.
The only way to cut a billion dollars in low performing assets without hurting the organization is to decimate upper level management.
Self identification emails have gone out. About time you class yourself as a native female American, who is a disabled vet!!! So much for the diversity BS they so like to champion!
Low performers are being targeted. The OP is proof of this fact.
You have apparently forgotton that layoffs in current times are all about shareholder value. You work for the shareholders.
No worries though. I will remind you again when you forget.
"Who earns the most (mainly, the older employees who've been here the longest and have earned their pay)"
Jokes on you, the older employees earn the least at Oracle. New employees earn more than employees who've been at Oracle for 20+ years. Many people at Oracle are still making how much they were when they joined, since they don't give raises or promotions.
Yes. As someone who is close to the people who make the decisions, you are 100% correct in that there is a Safra spreadsheet. She asks for what I call "Tithe" from outside her org, and depending on the pushback from them, she will change or update what she can from her orgs. The list, is not checked much except for "protected" classes of employees and potential legal retaliation. At Oracle, its very important to "self identify" so that you might be able to fit into a class of employees that are "protected". At Oracle you really are "protected" in many ways. If you decided to keep your "protected" status private - like most people naturally would, you are lumped in like so much cannon fodder. What else? Maybe they go through whatever performance evaluations are out there, but they do so to only include some high performers so that legally they can say the layoff affected everyone. Its an ice-cold-cruel process, that managers use to get rid of folks that "need getting rid of".
I would believe that Oracle can anyhow do with far less VPs of whatever type (whether E, S or normal). Removing many management layers and combining LOBs would be good.
That’s because the whole meaning and purpose of a so called “lay off” has been corrupted over the past 50 years.
Used to be a means to temporarily idle people during an order slow down or for seasonal work. The idea was that the JOB was still there, the WORK was not, but thought or known to be a temporary situation.
Nowadays it is a means for companies to just jettison people for any reason. Good workers, bad workers, doesn’t matter. If you end up on Safra’s spreadsheet, you are leaving. Period. Companies hide a lot of hiring ‘mistakes’, gadflies, discrimination and overall revenge in the process.