In following months several legal entities (and offices) in many EU and non EU countries will be terminated, local workforce fired.
Starting with smallest ones ASAP (up to ~100 headcount).
Sales will be taken over by local partners.
Contracts (CSS, health, projects, office...) will also be terminated (with due penalties).
91 replies (most recent on top)
For my opinion a lot of biggest companies leaf now from EU as well. I think it can be related of the risk war.
@vx Not going to give it away that easily, yet next post down you name drop MS which all but calls out Primavera/CEGBU. Couldn't help it?
Luxemburg townhall today. Shutting down entirely country. 100% people affected. Currently negotiating all condtions with EWC. Another countries coming soon.
@vx But you DO CARE 😂😂😂😂
@vr I am not with Oracle now. I left. I do know how they operate. They have industry specific GBU’s. When I was there it was healthcare, insurance, project mgmt, construction and engineering and a few others. Then you had the mothership which all had their hands in the gbus for reasons like an umbrella company might have in subs. My GBU did not really do much with the mothership but we were obviously integrating with OCI. When I left the GBU I was in was a joke. Like you think I would know that from some public forum or AI? No. I could name drop all day but it’s not worth it. Mike Sicilia was originally the lead guy at the GBU I worked at. So stop your nonsense. I don’t care how you feel about my posts but I did work there…..unfortunately. It’s not my fault you’re a company man who realizes you made the wrong choice going or staying there.
@vq you have no idea how Oracle is structured and how it globaly operates. You are here to enjoy people's suffering over loos of income for families, to vent your frustrations and exhibit steretypical bias.
@tw my company I worked at was acquired by Oracle in 07-08. We were an east coast company. We were the original company of one of the GBU’s. Not going to give it away that easy and blow my cover. I still have my badge. I’ve been to Oracle offices in Hammersmith, Philly, and Reston. I worked there from 2008-2021. I worked in PMO, consulting (app), and then customer success. I would have no reason to be on here if I didn’t work for such a horrible company.
@rz You never worked in Oracle.
@q8 Opinions are like…hahah. Just kidding. It was just my experience. I def didn’t BS my way through Oracle. Where’s the challenge in that? Also, I would take a guess and say the US has a ton more employees than any other region; thus we have more BS artists….and great people. Guess it’s a numbers game. It looks like I upset some people. You can direct those feelings towards your nearest Oracle HR contact. I’m no longer at that dump.
@q6 You morron. Those offices have been generating revenue from EMEA customers for decades. Offices were set up to sell to local customers. You would not even know where to start working with EMEA customers as you language skills are non existent, you are biased and obviously you have never studied geography. European eng.are far more supperior with knowladge than those in NA. Go and vote red you morron.
@q6 Oracle employee here, and this is based on my personal experience, but I've generally found US colleagues to be surprisingly less knowledgeable and competent than their European counterparts. During many calls, I honestly felt embarrassed by how some US colleagues would just bullsh-t their way through discussions. At times, it seemed like their main skill was simply speaking English (which is their native language, btw!).
Some US colleagues are GREAT, but your message is far from my experience...
Karma…those offices were opened for cheaper labor so they could lay off tons of US employees. Heard quality was horrible. My UK colleagues were 1/10th the skills of their US counterparts and all talk. South American colleagues were absolutely horrible and corrupt. Most didn’t deserve a job at all. Karma
@fs I am also from Poland wondering of it is planned entities closure (Warsaw and Cracow) or just reduction of workforce… Anybody?
Confirmed , for small offices much less than 100 people. There are 20 in EMEA that are affected in November. We wait to see the final termination letter, nobody has communicated officially the exact date
@m3 , laying off people in Spain is highly protected and requieres a lot of money to pay good severance packages after hard negotiations with WoC ( similar to France or Germany ) , laying off that number of employees could only potentially happen during the next 3 to 4 FYs or longer .
There are other countries in Europe where that works faster , cheaper and with less complications : UK , Rumania , etc …
@mk 650 at the moment, 70 notified they were at risk recently
Dublin?? Not sure how many employees based there.
@kg not so unlikely provided the company situation and the problems that keep on coming
@kp based on the info in this threat looks like the idea is disolving entities and not keeping people …
Will they be closing offices (keeping people) or dissolving legal entities? There's a a difference.
@ke Málaga will close ? How many people impacted ? What about Barcelona ? If they close this locations they still need to proceed with an ERE by law …seems very unlikely they will lay off 700 people at once which is 50 % of the workforce in Spain now
Malaga !!!!!
@k5 Will they keep Madrid and Barcelona or only Madrid?
Spain, Germany and other countries with more than one offices will keep the biggest one and close the rest
Until 23rd there will be no official source because EWC has the crucial meeting then... but yeah. This is happening
@as Everyone is worried about severance amount or the lack of it...
@fh I am based in Poland and started looking for a job, this is waste of time to wait for being kicked out
Situation is dramatic, folks, that is the truth...
@f1 Italy down to 850 due to recent RIF, and another round is planned …
@f1 560 is still below 1000, so Poland will be included to be closed probably…
@f1 adding the number of employees in all countries below 1 K , worlwide , it makes 10 K less …
@ew 560 workers now in Poland according to the info in Aria
If they are closing all entities below 1000 employees this and the next fiscal year the ones above that number in EMEA are :
UK, Romania , Spain, Czech R, Germany, France and Italy.
Serbia is closing next month, they are preparing the mandatory 30 day notice to local public administration
@as big hubs in Poland? 🙄 There are small teams working there, no more than 200 employees assuming…
Getting ready for the Chapter 11 bankruptcy.
From a SVP and up meeting from last year December (EU and EMEA)
1st phase: closure of offices/legal entities up to app. 100 employees (in EU starting in November until end of this fiscal year)
2nd phase: closure of offices/legal entities up to app. 1000 employees (starting next fiscal year)
Assuming that the Nordics and Benelux business will be handled by partners and larger offices in DE and UK. Are there timelines? Has anyone heard what will happen to NL and DK?
@dt Dates, timeline known?
Nothing about Spain?
It's a totally true information. But will affected 23 countries (EU + Africa)