Best guess is Tuesday November 1st ... 1 week 2 days and 13 hours as of this post. I expect this to be at least 259 Million in packages and using first in first out, people hire recently will be the first out the door. Sorry for the new hires you wont get a package in the middle of a recession.
Sadly enough cloud world has painted the true focus of Oracle and its not OCI. It is now writing software to run in other clouds. I expect further cuts in Marketing, Sales, Customer Experience, and acquired ancient products like Oracle BRM for example. OCI has recently stopped recruiting and I would not be surprised to see major changes as Oracle has changed its tune about its own cloud.
I do believe this layoff will make the news as much as the ones this past August 2022 did. Kind a heartless right before the holidays in a recession. But, it's just business. And say what you like but the severance packages are decent.
https://www.crn.com/news/cloud/oracle-cloudworld-2022-ellison-says-an-internet-of-clouds-is-imperative
In his hour-plus-long keynote at CloudWorld 2022—held in person in Las Vegas and streamed online—LE said enterprises want an “internet of clouds” to facilitate more customer choice and prevent vendor lock-in.
He made his usual boast-that Oracle’s MySQL HeatWave offering is faster than Amazon Web Services’ Aurora. And he gave database services rival Snowflake an uncharacteristic compliment in working with multiple cloud vendors first.
My thinking is a renewed focus on database products that run in AWS, GCP, and Azure. You know the "real" cloud providers, the ones that actually own their infrastructure, unlike Oracle who only rents space from Equinix. This is the closest LE will ever come to admitting Oracle OCI is pretty much not going to become the dominant cloud provider and win the cloud wars. This is a big change from his 2016 rhetoric.
What that means for you is that new skillsets are required across the board in development and engineering. Sales, marketing, customer experience are superfluous until you have something to sell, or at least an idea and a prototype.
Oracle Cloud world is over and there is no reason to keep people around that are no longer needed.
Original posts: @OP+1iZo94uF, @OP+1iPdT0Uf and @OP+1gPG2i8V. I've been pretty close on my predictions in the past.
The Oracle 10q states
"We expect to incur the majority of the estimated remaining $519 million through the end of fiscal 2023." The total for severance was 888 million pretty close to the 1 billion rumored this summer. That means the rumors seem to be mostly true.
3 quarters remaining gives an average of 173 million per quarter. Typically Oracle doesn't like holiday layoffs... making December/ January unlikely.
A good spot for a layoff then is last month of Q2 ... last month of Q4.
That gives 2 more layoffs with an average of 259 million each with Targets of Tuesday November 1st and Tuesday May 2nd 2023.
Best of luck everyone! It's just business, and the emperor LE finally realizes that he has no clothes. That means a new commitment to software that runs in other people's clouds. I may be wrong and he really thinks that other providers will partner with Oracle and actually help pay for direct connections to his rented Equinix data centers to tap into the OCI. It's a really d-mb idea to think that but hey it hasn't stopped LE in t he past.
I hope he is thinking about rewriting Oracle software to run in other cloud like heatwave. Since it's the sole success he has seen in cloud to date.