Oracle is a company with significant overseas cash reserves, in the top 5 and didn't go crazy during the election. A big part of the message was about making it easier for companies to bring their overseas cash back.
Regardless, feet need to be held to the fire about US jobs as well. If they are going to RIF skilled engineers, they should nuke seats in offshore locations (India) and give those US engineers the spot. Once you factor in the extra costs, India is not actually cheaper. It's cheaper per head, but you need more heads to get the same work done, and it's vastly inferior in every way.