I know we’re a big company and all, but it seems to me that we have become used to layoffs to the point where we consider cuts of a three-digit number of employees to be smaller layoffs that don’t require any “fuss”. I got used to the media not giving attention to layoffs, but to see that we as employees start taking this as something usual paints a good picture of the state that the company is in.
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It sounds like the h1b program is being abused:) shocking! but it doesn't mean that Oracle wants all h1b's staffing global jobs. Yes, I think there's abuse in how the program is applied but not to the extent that people on this board are claiming. I'm not at HQ and don't see the masses of the h1b's that others claim are running down the halls but in my east coast location - we have no identified h1b's - not even 1. In fact, we have no one that remotely looks like they're of Indian heritage. If there are so many people from India coming into US jobs - they aren't being distributed around the US randomly.
As I've stated many times before, Oracle does not have a people leaving problem. They have a people staying beyond their welcome problem.
If Oracle was so bad, people would be running for the doors. And you would see less layoffs. It's that some groups/people are so bad and Oracle is so big, these folks will find cracks to hide in to milk the proverbial cow.
yes, I think there should be a major overhaul of epic proportions. But it looks like Oracle has decided to make more smaller, surgical cuts to re-calibrate themselves.
The tinfoil hat circle forms: throwing wild speculations from BOD to wallstreet to legalese.
Well, not really, it is actually illegal to replace us citizens/ permanent residents with H1Bs - the application that Oracle files is very clear on that point and misleading statements constitute fraud under federal statues. Oracle may well be skating on very thin ice here
The BOD apparently doesn't think they need any justification to hire and fire who ever they choose. Your nationality is not relevant to Oracle's hiring practices, they have the "right" to hire H1B's under the current regulations - so they do and it's obviously a cost saving. Is it a good thing? Is it legal? Two different things but they aren't doing anything outside the legal system and that's how we run.
Well, it all starts with Oracle, or better, the 3 stooges doing all they can to hide these layoffs as part of the elaborate fraud to make Oracle seem like the leading cloud company it clearly is not. Today’s Oracle is a copy of failing out of touch IBM and of course uses the same strategy of laying off tens of thousands experiences people, manipulating financial data, and buying back shares by the tens of billions of dollars. Same strategy, same poor outcome - is that a good definition of a bunch of id--ts?!