I worked in Silicon Valley for years and years. What I found was that most people I worked with, who I thought of as friends, were actually not. After I left work, I found that the people who I thought were my friends, were actually just people... — read more 

400 million spent to be spent on layoffs each Quarter this FY?

Does anyone know of any RIFed roles actually replaced with AI?

Under murky rationale the head of Oracle Design left the company. Oracle has made great strides in UX (redwood.oracle.com) but the future is not clear. Everything is “AI” but with no real strategy.

Oracle has declared itself as infra company. I see large number of people are just copy pasting from llm’s. Do we still need this special talents for copy pasting from llm’s ? Rather save local job market. I don’t blame h1b candidates but the job... — read more 

Section: Notes to condensed fin. stmt. Restructuring Oracle has spent $826M so far ending Nov 30 Oracle has allocated $1.6B in restructuring. So additional amount $774M is going to be spent in next 3-6 m for sure. Expected count is around... — read more 

With a freakish skyrocketing of the stock price from 241 to 328 on September 10 with a trading volume of over 130k, who was it that benefited? If you didn't unload before November, well, maybe there will be another before years end.

When someone has no idea how to manage and cannot work with people, they default to barking orders and scaring everyone into compliance. It is the classic bully move, and somehow it is exactly the behavior that keeps getting praised and rewarded... — read more 

With the stock tumbling i don't see any way around than laying off more

Do you think Oracle will spin off business units to raise cash?

Next level cost cutting will happen for sure. Jan 1-20. Get ready with your resumes

It was approved by EU, yet other locations like UAE, Saudi, Qatar, Swiss, GB without law rights as in EU can be affected more. Most mid Dec. Today they agreed with EU for that. Can’t tell more as still don’t know details, the plan is signed as I... — read more 

I’m in my late forties, I'm already drained, and the idea of pushing through another decade or more of the same feels suffocating. I’ve put too much of myself into this job to walk away easily, but some days I catch myself almost hoping they make the... — read more 

I hope a manager can answer this question. How does this work? Who decided how many headcount need to be fire? It it decided by corporate HR , manager level, VP, or some other department?

OpenAI won’t deliver $100B to Oracle, struggling itself. So no backlog no pay off of data center nor Stargate. The apps are being replaced by smaller SaaS solutions much cheaper. The AWS and Google connection ki-ls the rest multi cloud. AI theme is... — read more 

Every message from leadership sounds like a template written by someone who never met a real employee. They keep talking about strategic focus and long-term vision while people pack their desks quietly. Talk about a disconnect.

I didn't do this, I don't think a person could win, but if someone thought it was their race, age or whatever you can think of, and gets riffed -- yet people are left working and they didn't get cut. just in general thinking they are targeted or... — read more 

Oracle’s credit risk gauge on its debt closed at the highest level since 2009 A surge in bond issuance from large tech companies helped trigger the move Investors are increasingly worried that the AI sector may be forming a bubble The... — read more 

Laid off as well, interesting package and settlement. The invite is indeed business update confidential blabla. My manager was so nervous, she had to read the message from her screen.I calmed her down a bit and then the word came out: due to... — read more 

Any info with facts about any layoffs in Aconex on various teams?

Why do the Works Council in BCN keep saying that everything is confidential? Of course they have the list of names to check possible irregularities. It's part of the report provided by the company. The law doesn't make any mention to a... — read more 

Tracking participants count #general Slack channel in Oracle One workspace, as the fastest available proxy indication of ongoing layoffs. nov01-nov30: 1614 layoffs, 1327 additions (based on Slack regular tracking) oct01-oct29: 1950 layoffs, 1689... — read more 

I am a TPM and I work my as@ off in OCI... Late hours, weekends, etc. Now I am going to my 3th year without any raise and my boss keeping using excuses. I would like to know if this is only for TPM or if engineers and other managers faces the same... — read more 

Oracle made $125M on $900M worth of rev from renting out data centers powered by Nvidia GPUs... this works out to a 14% profit margin. That’s a sh---y profit margin in a normal business, it’s VERY modest in a highly volatile industry like this one... — read more 

This was posted on SAPs board here on thelayoff but it totally applies to us as well: We work for a criminal enterprise full of self-righteous, borderline re--rded psychopaths.

Being unemployed, I am looking at the big job boards (which I don't trust) and companies career sites. One thing I notice is that it is quite rare to find a company that uses Oracle for their database. Thats what I get for sticking with and learning... — read more 

One of Oracles major downfalls is when they outsourced to JLL. Oracle, DW thought it would be a great cost cutting measure , when I fact JLL is doubling the price of everything they do for Oracle. Our buildings are literally falling apart inside... — read more 

As part of the cost savings, the layoffs are currently happening and some will commence next year.

I sometimes wonder how someone who is 81, and serves a 79 year old President can tolerate the dismissal of dedicated staff simply because the workers enter their sixties?

It is truly amazing how fast the market may have gone from: Yay, greatly reduced costs from layoffs of aging workers and huge new CAPEX to enter the shiny new field of AI to: Wow, you released many loyal and very knowledgeable workers because you... — read more 

https://imgur.com/yHddDJS

Anybody laid off in Aconex

Indian-origin Howard professor Ronil Hira, a well-known critic of the H-1B visa, explained why U.S. companies favor the program. Despite President Trump recently signaling a need for certain foreign talent, his administration imposed a $100,000 fee... — read more 

Thats the only way to save the sinking stock. Just like the layoffs before last earnings.

The situation in the Nordics is not ideal...denmark for instance is not in the best shape with Novo firing 5000 employees already and this is not the only company with high numbers of fired people. Any news on the Nordics?

AI bubble deflating https://finance.yahoo.com/news/peter-thiel-dumps-top-ai-143300737.html

Tracking participants count #general Slack channel in Oracle One workspace, as the fastest available proxy indication of ongoing layoffs. nov01-nov17: 682 layoffs, 791 additions (based on Slack regular tracking) oct01-oct29: 1950 layoffs, 1689... — read more 

Any news about layoffs in EMEA? Any other countries impacted or they are safe now?

Makes me wonder why I ever bothered. I regret every bit of overtime, every extra effort, and most of all, being invested in project outcomes. Nothing ever paid off. Yet I can get cut on a whim.

We need at least four days each week to recover from this place and what it puts us through on a daily basis.