At the end of the day, LE and SC report to Wall Street not to its employees ; it’s just business and they could not care less about the consequences on the communities and families;
Unfortunately this is how business and America work: there are winners and losers.
8 replies (most recent on top)
Oracle mgmt has caused the melt. It’s now too far gone. Might take an enforcement wake-up call for them to realize the damages they have caused.
It’s a sad story. Hoping good things for the well deserved employee job seekers
“talent is overrated when employees are expendable and can be replaced or outsourced like lightbulbs”
You can’t replace the best people without compromising somewhere on quality, speed or profit. You can certainly get cheaper workers who will do a satisfactory job, but that’s not enough. Oracle needs top talent more than ever considering how far behind they are on their competitors.
By not valuing talent and people over many years, they’ve slowly diluted their own product. Now they don’t even have market leading talent running the company and I doubt they could attract them either.
So aad with rhe ongoing rounds. We can thank Hatchet (JM) too.
Oracle has a long history of major restructuring and layoffs and this isn’t the last one
We will remember!
Management is overrated, as they too can be changed. Ownership is highly overrated!
In addition, talent is overrated when employees are expendable and can be replaced or outsourced like lightbulbs by cheaper workforce somewhere else in the globalized world.
But at least it would be nice if they communicated the layoffs.