Apart from all the knowledge and experience we are cutting. Apart from all of the customer relationships. Apart from all the money invested in education and training for certifications, there remains the question of who will do the work?
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@tps+1i2MgNO3 President have a lot to do with monetary system .. indirectly at least. Fed trying to fix what the government is breaking - inflation as a result, it causes recession. Gasoline is record high even comparing during good economy periods. We are in recession and gasoline still higher than during those times. So, you supply/demand contradicted itself. In fact, the adjusted inflation gasoline price is at record historically. The system is currently upside down. He also failed to get the major producers on his side. Saudi didn't want to talk to him, yet, all the producers are making record high profits that he can't do anything about it. Federal oil lease sales contracts have been paused, pulled and contract let expired (intentionally ?). This was first time a president failed to sign since 1958. Green energy push have cause unreliable energy to consumers and enormous energy price hike in the worst timing. I am good with green energy but wrong timing. We cannot absorb all these all at the same time. Consumers are one that suffering. Second, this is not just Oracle laying off people and cancelling projects. You can easily read the news from the Apple, Meta, Google, Microsoft and most of China top companies are facing major layoffs. Every country GDP forecasts have been knocked down. Every company is "projecting" economy downturn hence the layoffs and hiring freeze everywhere. We have administration focusing on low priority agendas or simply trying to divert the attentions to somewhere else. As he stated, aren't we glad that our inflation unlike Venezuela ? Was that a joke that he made or he meant it ? I am not understanding your logic about our current economy situation.
Because they are too political and don't really think. Thinking people know presidents have very little to do with monetary policy - in fact none. Thinking people also know that the situation with a global pandemic has cause problems in supply in every segment while demand was\is expanding. Gas was low when Trump was president not because of him but the fact everyone was staying home and not driving. Low demand and high supply means lower prices. Now people are going back to work and traveling like crazy while supply is low which means prices rise. That simple.
As for projects, companies will still do them. They probably won't choose Oracle for anything new. Especially in the cloud. As for who at Oracle will execute? The people who are left until they tell you that you are not needed anymore.
"Who will do the work?"
Not your concern. All you need to worry about is when they tell you to jump you ask how high.
Whose Brandon?
Recession coming and expecting economy downturn, customers will put every IT project on hold just like Amazon put all their warehouse on pause mode or cancelled. Very few industries still investing at this point. With that, since everything in pause mode, there wouldn't be a need for new projects, less SRs coming in, need less people, knowledge and etc. All the big players already put most of everything on hold at least until next year (wait and see mode). Smaller companies that lack of cashflow will sink as the recession prolonging and if they are lucky, they will get bought up by private institutions. I am not seeing any companies out there saying 2023 going to be a great year other than Brandon stating that we are not in recession yet even with 2 consecutive shrinking quarters ? With all that, the amount of works will be reduced. Less customers, less issues hence need less workers. Oracle and any other companies that are laying employees simply reacting to what's the economy condition is. Wish everyone best of luck.