One observation made by a mid level manager about upper management …
“They are more concerned with why they can’t attract new employees to Oracle than they are about all the experienced talent walking out the door! This makes no sense!”
With that in mind, layoffs will neither attract or retain talent, but they don’t care about people, just money.
From a management perspective, they are going!
My my, how the once great and mighty Oracle has fallen into an abyss of its own making.
Once a highly innovative company that absolutely owned the global database market, it seemed that several decades ago everyone in IT wanted to work at Oracle. But over time as Oracle became less and less competitive, LE started going on his acquisition shopping sprees (Peoplesoft, Sun, etc.). And LE's lack of foresight about the emerging cloud market, followed by the company's ridiculously slow and ineffective tech development for cloud, all but sealed Oracle's fate.
Today we see annual RIFs, a loss of major talent who leave voluntarily for better opportunities, poor customer treatment, the disgraceful treatment of its best employees, the massive filling of jobs in the US by H1Bs, and the excessive promotion into IC5s and M-levels of many, almost exclusively male Indian H1Bs by managers of Indian decent.
The poster who painted Oracle as a modern-day Titanic was spot on. I am so glad that I left Oracle when I did a number of years ago. Trust me that Oracle is no longer a company to build your career at.
For those who think Oracle can still right the ship and change into an ethical company that values and nurtures its employees, puts its customers first, and attracts the best new talent while retaining its best employees, that ship has long ago sailed away!
LE has steered the Oracle Titanic into an iceberg field from which it will not return. This upcoming set of layoffs will likely be ugly and painful for many, so if you have not already done so, start looking for a new job now.
“They are more concerned with why they can’t attract new employees to Oracle than they are about all the experienced talent walking out the door! This makes no sense!”
That just about sums it up from my learned perspective.
To focus on money while ignoring the workforce is like Red Bull building a race car without a driver.