It's been awfully quiet the last few weeks. Is this the calm before the storm? Is June 1 judgement day?Will the next 30 to 60 days be a rollercoaster ride? Is the storm forecast to hit next week?
Are those layoff rumors just fake news as MH says? Or is he lying?
I wouldn't be surprised if they cancelled the layoffs just so MH wouldn't have to admit to being a liar.
Enjoy the long weekend slackers. In Burlington it probably started Tues. Have a great summer looking for work. Brought to you by LJE & Co. 😎
There is no layoff or head count reduction when you move heads to other country. That's just a way of definition.
In some groups people can decide if they are willing to relocate or not. If you are not willing to relocate, you go and somebody else in the other country gets hired. So headcount stays stable.
That wasn't a kickoff - as they are usually understood and delivered - it was "Immersion" training.
I still have no doubt that some 20,000 - 30,000 people will be laid off come June 1
Last year there was a sales kickoff with all groups in Vegas.
There hasn't been a full, all-hands, sales kickoff since the year before KB was dismissed (Summer 2011). Kickoff has been virtual every year since then. Individual pillars have done "Sales Enablement" training, again usually virtually.
I'm told Oracle has seen significant attrition this year, particularly in the applications pillars (ERP, EPM, CX Sales and Service). Likely the orgs with the most attrition and that have not been producing revenue will be restructured to make the attrition permanent, i.e.; no layoffs required, certainly not to the magnitude discussed here. Fewer reps means fewer managers, so that is where the layoffs could come.
June 1 is the date these sorts of changes are deployed - partly because it is the first day of the new fiscal year (so minimal disruption of the business) and because the plans aren't finalized until it is clear which orgs have produced and which have not.
For those left behind, they won't get paid for on-prem solutions and if they do, it will be less than the .80 cents on the dollar they get today. If you won't pay them to sell on-prem solutions and only cloud, then why do you need them?
What does not make any sense is they want to use remote employees to sell on-premises software and hardware and they want to use the on-premises sales team to sell only cloud. You are right, you cannot make this stuff up.
LOL. You can't make this stuff up. And in my personal experience, TRUTH is usually stranger than any fiction people dream up. In all likelihood, at least 50% of this Rumormill stuff is probably TRUE.
Point #1 of Truth in these rumors is the 2018 sales kick off IS going to be virtual (rather than in Las Vegas as per usual).
The cuts to the CX sales team last year eliminating their car allowance and changing up their comp plan are real. They happened. This pillar has struggled all year this year too.
The layoffs to this point as documented are real. Management keeps saying big changes on June 1, but we can't tell you what the specifics are at this time. These statements are real. What these changes are-- we do not yet know.
Fact: MH is calling the layoff rumors "fake news".
Soon, we'll find out if the news is fake or real.
One thing is certain, we will find out soon.
They are not cancelling anything, the meeting invited have already stated going out. As for MH, he'll use his own definition of a layoff to wiggle out of it- never let the truth get in the way of screwing employees