In late January, this board was ablaze with rumors of bigger lay offs in CX and other teams in CD org as well as scary meetings taking place in corporate in early February, but all is quiet again.
Where did the Ax-Man go with all of his inside information?
A rough order of magnitude is an estimation technique for projects and programs. It is defined as being -50% to +75% in range.
A google search found the following:
"A Rough Order of Magnitude Estimate (ROM estimate) is an estimation of a project’s level of effort and cost to complete."
https://pmdocuments.com/how-to-develop-a-rough-order-of-magnitude-estimate-rom-estimate/
It has nothing to do with 50% to 75%. And "Axeman" wasn't talking about a project, he was talking about the number of people being laid off.
That would be "double" or "twice" the number. An order of magnitude is typically defined as 10X. Two orders are 100X.
A rough order of magnitude is an estimation technique for projects and programs. It is defined as being -50% to +75% in range. It is different than the mathematical definition of "order of magnitude"
10 x 100 is 1000, NOT 10000. That would be 2 orders of magnitude.
More like 200, that's how I interpreted it I think he meant to say a rough order of magnitude
That would be "double" or "twice" the number. An order of magnitude is typically defined as 10X. Two orders are 100X.
I suppose that "order of magnitude" sounds more dramatic than double or twice, which I suppose is "Axeman's" real goal. Also interesting that he couldn't tell us about the EMEA announcement until it became public knowledge. So much for having insider information.
The Ax-Man here, coming live to you from Oracle San Francisco office in the financial district.
With today’s memo out of EMEA, this marks the beginning of the fulfillment of what I’ve been saying for many weeks now.
This is only the TIP of the iceberg. While stealth layoffs continue in the US, a much heavier layoff will occur in the coming weeks that will mirror EMEA. Not 25% that EMEA has been tasked with, but an 8-10% overall company culling by the end of calendar year 2020 is in the works.
If you are not looking outside of Oracle already, you definitely should start ASAP.
So, when T.I, reported 100 layoffs on 2/23, the real number was up to 10,000? Are we expected to believe this?
More like 200, that's how I interpreted it I think he meant to say a rough order of magnitude, as in budgetary estimation, not a power of ten order of magnitude. -50% to +75%
I can definitively tell you that the individual here who is tallying layoffs on a weekly basis with his posts is now off by about an order of magnitude, of not two
So, when T.I, reported 100 layoffs on 2/23, the real number was up to 10,000? Are we expected to believe this?
The Ax-Man here, coming at you from downtown Chicago today.
Panic has set in at the higher levels of O management, because of the situation with the market due to coronavirus. O leaders have seen their net worth drop by HUGE amounts, and this is spurring them to step up actions that affect the company to try to get ahead of a now-inevitable slowdown in sales globally — particularly in Asia. The first effects of this are already being seen in sales results, though it won’t really appear in quarterly results.
It will DEFINITELY affect forward looking outlook and projections that will be reported with quarterly results.
Layoffs will be modestly accelerated, beginning in earnest starting TODAY going forward. As has been mentioned, these will be performed in a very surgical way, in small numbers and dispersed geographically, so as to avoid the reporting threshold triggers and workers’ councils that various locales have — particularly in Europe and the UK.
Expect “small” layoffs of 5, 10, 20 people here and there, all over the company. These will be numerous and a lot of them if not most will go unreported here.
I can definitively tell you that the individual here who is tallying layoffs on a weekly basis with his posts is now off by about an order of magnitude, of not two, of his layoff results posted in recent weeks and months. Those weekly “layoff report” posts are utter rubbish and in no way indicative of what is really happening on the ground.
The 10% number for this calendar year and into calendar 2021 still holds, definitively, unless sales numbers dramatically pick up.
So far, OCI results are continuing to s— wind with a single digit increase in revenue. OCI will tout “utilization” types of numbers, but these are a smokescreen and largely only because of more internal systems migrating off of non-Oracle clouds, Oracle Gen 1 (OCC) and legacy data centers onto OCI. IE most OCI growth is internal Oracle growth, not new customers and customer workloads.
OCI Customer support is rapidly failing and responses are taking days to weeks when customers are experiencing problems. This is no lie. And no joke.
By the end of this calendar year, many drastic decisions about the future of Oracle will have been made. Be ready.
Any latest update on this now that March has started?
I’ve been posting repeatedly (every few days) and my posts are immediately scrubbed from the site.
And 5 days later your post is still here.
Which lob?
Just under 100.
How many were there in your support team?
Seven of my support team came to work yesterday here in North America. They won’t be coming in today. So it sounds like it’s a surgical knife in some places at this point.
March could be beginning of the month. I heard through the grapevine that some folks are being let go this week, end of February. Can someone confirm?
quited period ends after Q3 ER...so mid/late march
When quiet period ends?
Oracle made a silent bud widespread layoff recently, effective of Jan 31, 2020. Including but not limited to, heavily affected CX consulting teams were decapitated, numerious senior consulting manager positions eliminated, people with 10+ years of experience laid RIF-ed. Consulting sales and other positions were eliminated. This is probably closely related to the struggling single digit CX software market share of Oracle vs. Amazon, SF and MS.
Ax-Man get a vpn app and stop using your moniker but keep posting info
The Ax-Man here, coming at you LIVE from Orange County, CA.
I’ve been moderated and censored off of this site by pressure of Oracle executives and HR because of the accuracy and transparency of my posts.
I’ve been posting repeatedly (every few days) and my posts are immediately scrubbed from the site.
When is the quiet period ending?
My management told my team there would be announcements after the quiet period ends.
The lay-off happened at the beginning of February.
the calm before the storm.