MH is rumored to be leaving oracle. Massive cuts are broken down by quarter after a post on the layoff.com went viral and he was questioned about it on CNBC. MH called it "fake news" and the layoffs were scheduled by department by quarter to avoid unemployment insurance premium raises and skip warn notifications. Yet significant layoffs did occur on June 1. What is more interesting is that the layoffs continued on August3rd with rumors of further cuts in September. The rumor is a 40% reductionin field sales, a 200 person drop in Hamidu's organization by Q3. Further cuts in Support, development and consulting are expected as well.
Link: https://www.channele2e.com/business/talent/oracle-layoffs-2017-rumored-job-staff-cuts-today/
Oracle (ORCL) apparently made job cuts today, according to sources close to the technology giant. ChannelE2E has not confirmed actual layoff figures, but one source suggests hardware teams in particular will be stretched thin as the company doubles down on cloud services.
Unconfirmed reports suggest various Oracle layoffs in the United States and the United Kingdom. Department cuts allegedly include North American sales; customer success managers for North America cloud; and solutions consultants focused on customer experience. Much of the chatter — featuring unconfirmed rumors — surfaced today on TheLayoff.com.
In early May 2017, Oracle CEO Mark Hurd denied a rumor that the company was planning massive job cuts in June 2017. At the time, Hurd called the mass layoff rumor “fake news.” Fast forward to present day (June: the start of Oracle’s new fiscal year) and multiple sources suggest the company had some cuts today — though the sources don’t consider the cuts to be “mass” layoffs.
The layoffs did continue past June 1st. It appears that the rumor was correct. The timing of the layoff has been spread out over many months and quarters. Look now to the following post @Osgtgyv
MH will leave Oracle soon, and so should you
The book "Swim with the Sharks without Being Eaten Alive" details MH strategy. There is a short chapter on a manager who cuts costs, works people overtime with out pay and runs production with out down time for preventative maintenance. This guy increases productivity like crazy and costs drop. The fantastic results are noted, he gets promoted and moves up out of the old job. The next guy steps in and people quit and the machines are broken, costs go up and productivity drops. Management says "Wow we have never seen such a clear case of leadership."
So basically you can burn through the life blood of a company, equipment and people and then jump ship before you have to reap the downside of all the short cuts you take. Look at what happened to HP, now look at will happen to Oracle.
According to the following post @OF3BRo0 the time has come for MH to jump ship and work his "magic" at IBM. During his tenure at Oracle the stock price has doubled from $25 in 2010, to $50 in 2017. His departure may signal what is to come.
MH is sitting in the shoes of what should be the next guy. Which is why he will leave. He is supposed to be the star that cut costs and pumped up revenue, not the guy who takes the fall.
Link: http://247wallst.com/technology-3/2017/08/07/the-5-candidates-most-likely-to-replace-ibm-ceo-rometty/
The turnaround at International Business Machines Corp. (NYSE: IBM) led by “Ginni” Rometty, who took the job at the start of 2012, has faltered, flailed and failed. Earnings have dropped for 21 consecutive quarters. IBM’s share price has plunged. At some point soon, the IBM board will need to oust her, particularly if quarterly results continue to drop this year.
A few of the most likely candidates to take her place:
Mark Hurd is the Co-CEO of enterprise software giant Oracle Corp. (NYSE: ORCL), another company with a large presence in cloud computing. Hurd also has a long track record of dealing with large companies around the world. His primary role at Oracle is sales and marketing. He was the CEO of Hewlett-Packard, before it was split into two pieces, from 2005 to 2010.
What this means is that MH knows that this will be a very difficult year in Sales, Support, Consulting, and its the end of HW. He is out to bail, and most likely has already struck a deal with IBM. What this means for you is that a next Gen IAAS is rolled out its going to be a very difficult year. Oracle has suffered teremendous brain drain on the Sales Consulting side, and lost decades of customer relatonships as the sales and sales support team have been decimated. People that were not let go are now leaving in droves. Support has been outsourced and the customers have placed Oracle in containment mode.
Cheap labor at OD has been hired to cold call the customer to a new level of annoyance. Its going to be a very very bad year. Who ever steps into MH shoes as CO CEO will take the blame. Additionally the layoffs are pregrogrammed to continue to being morale to an all time low.
Rumor has it MH will be out by the end of August. He is leaving a train wreck, to go and "Save" IBM. The stock will go up for a short time at IBM followed by serious problems. Good luck to those who think they can make it through a very rough year. Lets not let this kind of management get praise. Lets make sure the fate of Oracle is tied to MH after his departure.