Thread regarding Oracle Corp. layoffs

Oracle - Layoff are Real

I was recalled from vacation last week to notify employees they were being terminated. Then I was personally impacted. These layoffs are real — they accelerate tomorrow (03/31). This playbook is painfully familiar: make a risky bet, prop up the books, shift risk to employees, and then cut the people who built the product. History repeats — Enron, Lehman, FTX, WeWork — different names, same patterns. Sacrifice institutional knowledge and experience for short-term optics and a gamble on leadership’s vision. And too often the cuts disproportionately hit those who are older, outspoken, politically out-of-step, or who challenged the direction.

The result is predictable: silence expertise, reward conformity, and chase mediocrity while pretending it’s decisive leadership. If you care about accountability, transparency, or the future of good work, don’t accept this quietly. Demand clarity on the rationale, fairness in selection criteria, and real support for those pushed out. Lives and livelihoods are on the line — this shouldn’t be swept under the rug.


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Post ID: @OP+1kn0stytw

5 replies (most recent on top)

@ac you get to choose between various investments in your 401k. If you are worried go move your money into the lowest risk investment class. Also, if you lose your job you can and should roll your 401k over into an IRA at a brokerage like Schwab or Fidelity. You will have full control over what you invest in and the administrative costs associated with a lot of 401ks goes away. Your former employer has no control over what you do. Call either of the broker mentioned and they will walk you through the process so you don't make any mistakes and get penalized by the IRS. I personally prefer Schwab, they are there to help if you need it but don't stick their nose in your business. Fidelity can be a little pushy with their products. I have had 401k at Empower and Fidelity from various employers but consolidated everything to Schwab. Its a personal choice, pluses and minuses everywhere. You can do the same with stock accounts so former employers are completely out of the loop. Good Luck!

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Post ID: @b0+1kn0stytw

Thats why I tell whoever will listen; dont go above and beyond, dont innovate,just do enough to justify the paycheck... why help bake the cake if you are not going to get a slice.The sc-m that's entrenched in IT will take a little time to wither away... and its not just the H1b that are scamming the system. Will be interesting to see what happens to people's 401ks. Not just the people working in IT but everywhere else. The wall street casino has pushed everyone's 401ks into these money burn pits... When these things implode, there goes all the 401k money....

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Post ID: @ac+1kn0stytw

I can tell you accounting leadership is happily riffing those who don't shut up and press for accuracy over close enough.

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Post ID: @a5+1kn0stytw

Taleo. Already sorted you to top of the heap.

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Post ID: @a3+1kn0stytw

They don’t care. It’s either going to be your team is gone or your performance. It’s never about them.

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Post ID: @a2+1kn0stytw

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