industry turnover rate that is normally expected.
Depending on sources, the band ranges from 10% - 15% turnover rate for a tech/software company.
So how does that go into the 'layoff' calculations here? Rhetorical question.
It doesn't, right? Since that would deflate and wreak havoc on the 'end is near' narrative.
"downsizing that drastically?"
Where do you get the downsizing part? If anything, Oracle's headcount has increased, if not remained steady.
Yes, they do get rid of deadwood and refresh their employee talent.
https://www.statista.com/statistics/236999/number-of-employees-at-oracle-worldwide/
Treading water? By what standard? Stock has been on the uptick the last 5 years; and last i looked revenue still in ~40bn.
Do they have challenges ahead? Yes.
All I have to say is that oracle has been treading water at best, for years. An indication that the end is already here is that the national tech org shed headcount by up to 1/3( those folks were reassigned to garbage orgs or demoted to be bdc’s), this went all the way up to director level. If this site was all garbage and everything is just going splendidly at Oracle, then why would a flagship org that sells irresitable products such as autonomous database, autonomous transaction processing and Oracle IaaS/PaaS be downsizing that drastically? If Oracle really had such a dynamic cloud product that is both cheaper and faster than AWS and Azure then would there still be a need to mask the anemic cloud growth from the public? Just food for thought to all of the people that have their head in the sand and think Oracle is on the up and up.
"most tech companies are not laying off technical talent"
Are you really this naive? A lot of companies layoff/push out the bottom 10% yearly. Not always done by fiat but via performance improvement plans aka PIPs.
Please point me to this Utopian company of yours that guarantees a job for life with no performance evaluations, layoffs, reorgs, etc.
"If you work for a company that isn't laying off people then turn over is 100% voluntary attrition"
No, that's called attrition. attrition by definition is voluntary, dim-wit. Turnover is the combo of both. Most Companies affect a "layoff" by PIPs.
No. You're mistaking turnover for attrition. Turnover is both voluntary and involuntary.
That is for a company that has layoffs. If you work for a company that isn't laying off people then turn over is 100% voluntary attrition.
The point is most tech companies are not laying off technical talent. They are hiring, even ex Oracle employees.
"They shed entire departments and orgs and never bother to survey the deadwood?"
I'm sure they do. There is collateral damage but that's expected when they remove entire LOBS.
however, to suggest all their 'removals' are random, darts thrown at a board and only affects 'good' employees is disingenuous. You may not agree with the outcome, but there's a method behind it.
However, If you are asking me, I think they should bite the bullet and do a massive reconstruction: from the top down. This may be the only way to quickly right the ship.
"If you think Oracle care about its employees leaving, you are misleading"
Um, no where did my post say that. I suggest you reread ...slowly.
No. Oracle doesn't have a people leaving problem. They have a people camping beyond their welcome problem.
Do they? How much of that are engineers and technical people and how much of that are managers, directors on up? Is there dead wood in the technical side? Of course there is, you will always find a few d---beats in any large group, but in my experiences, the technical and engineering staff are good people who work hard and try to do a good job despite whatever obstacles are put in front of them.
Further if what you say is true, Whose fault is that? They shed entire departments and orgs and never bother to survey the deadwood?
"That's a contradiction on its own isn't it ?"
Yes, it is. But for some odd reason it is a common occurrence at Oracle. Hence the 'employees not leaving' problem.
"pay raises are not given for years; yet the employees still stick around;"
That's a contradiction on its own isn't it ?
" The brain drain is real and the real turnover rate is probably much higher at Oracle"
No. Oracle doesn't have a people leaving problem. They have a people camping beyond their welcome problem.
The arguments here usually falls on one or two roads with a 'end is near' finale by the tinfoil hats: brain drain and/or MASSIVE layoffs pending.
If they had a serious people leaving problem, there would be no need for 'massive' layoffs. It's a contradiction to argue both is happening.
"Turnover in normal companies is voluntary."
No. You're mistaking turnover for attrition. Turnover is both voluntary and involuntary.
Oracle doesn't have a people leaving problem. They have a people staying too long problem. Hence they probably try with nudging employees out. When pay raises are not given for years; yet the employees still stick around; then they employ the firmer nudge (layoff).
At any rate, even with a low end band of 10%, that's over 14k count for Oracle. Actual layoffs done and reported falls way under that number.
Most tech companies that are growing are hiring and not laying off tech talent which is hard to come by these days.
Oracle experiences normal turn over in addition to layoffs. The brain drain is real and the real turnover rate is probably much higher at Oracle that Google Msft or AWS for example.
Pretty soon Oracle will only be left with employees who can't tell the difference.
Turnover in normal companies is voluntary.
Unless your entire group is sh--canned, I would imagine this does figure into it. Or, maybe it doesn't and natural attrition is a bonus. Who knows. I'm a lowly IC that isn't privy to such conversations.