All of Oracle's financial woes have distracted me from the other elephant in the room, the purported December layoff. Anybody remember what Oracle's remaining FY27 restructuring budget is?
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@q0 Read the more current posts Oracle is shutting down their operations in a lot of European countries. Make the business environment too expensive and companies leave. The same is happening with states in the US like California... oh wait, Oracle is one of those companies fleeing the restrictive rules there too.
You will have plenty of time for your smug attitude while you are unemployed but be careful EU countries are running out of money for the extended social programs too.
https://www.thelayoff.com/t/1m5a0b0t7
@bc Maybe in your backwater country, but in most countries they're protected by law.
6am email on the Christmas morning? That would be perfect!
Say good bye to severance packages.
can always be adjusted upward
Can be? More like will have to be!
My recollection is that it is $700M, which is why Q2 results are so interesting. That number can always be adjusted upward.
"Merry Christmas! Your services are no longer required."
Q2 FY27 financials will be very, very interesting.