With no official word (unless I somehow managed to miss something) there's no way of knowing where we are at with layoffs. I'd like to think we're done but a few people pointed out that we're nowhere near the $1 billion mark the leadership said they were aiming for. I honestly don't know what to expect in the coming days.
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Why would Oracle stretch this out over a month? Because they've done it before. Not a good situation at all.
The question is, how long can Oracle endure external and internal pressure to stop cutting heads off.
Externally, Oracle has been flying under the radar. The reason why there is no announcement is that it would be picked up by the press and editorialized. This way only a few comments are out there, simply as rumours.
The government is not commenting, despite the potential ramifications for the mid terms.
The real danger for Oracle is internal. The comment has already been made about downed tools, and I have already seen this in action. Not only will workers down tools, they will walk away! Forget about any new quality employees joining. Who buys tickets to sail on the Titanic after it hits an iceberg?
We can expect additional cuts to happen until the pains become intolerable. I do not see that happens until November and the mid term elections have brought the house and the senate into Republican hands.
Oracle doesn’t give a fig about how their plans affect anyone. They will perform these job actions for as long as Safra’s spreadsheet says it is necessary.
Why would oracle stretch this out over a month, surely the worst of it is over. Otherwise morale would take a massive hit and risk of people downing tools, not a good situation.