More Reorg to come

The market expects almost doubled Earnings from Oracle, putting intense pressure on the company to deliver rapid growth and justify these numbers.
Leaders/Engineers with stock holdings will be trimmed more.

Due to the company's high profitability, there's a low need for massive layoffs. instead, expect targeted layoffs (mostly performance-related) , hiring freeze, project cutdowns and more reorg.

Oracle is safe till next 3-4m to stay for sure but pressure will mount. Leaders will face more problem to deliver with less salary to employees and more mounting pressure.

#Reorg #Layoffs #HiringFreeze #Performance

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@p1 WARN is always for layoffs already happened 60 days prior and being on payroll/gardening leave since to declared date. Those Nov5 and Nov10 are for NA stuff laid off early September.

Nov 5 and 10 are next as per WARN.

@ew Or the old. The number aged 60+ who were let go in August was quite large. Few of them have a prayer of finding a new job, especially in this job market. Hopefully their 401Ks are well padded.

@ew I suggest you take a close look at a job market right now. 14k unemployed created by Amazon previous week didn't help either.

"only slaves will stay"

Or incompetent ...

Saying "More Reorg to come" is like saying water is wet.

@ah "Slaves?" Or people too smart to try to find another job in this climate? Everyone is laying off, the rif'd are competing for job postings, half of which are fake. If someone wants to look, go for it, just don't leave without having a firm start date at another place. Good luck to them.

only slaves will stay

Thread regarding Oracle Corp. layoffs

More Reorg to come

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