I know people are speculating on whether this will end this week, or next, or next month, but I know I won't feel safe much longer than that. With as little transparency that surrounded this process, I can't trust this management not to do something similar with no notice at any point in time. I don't see myself trusting them any time soon.
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Never feel safe and at Oracle even less. I seen very very good people get let go.
This is happening in CX for a reason. More than HQ, the blame lies with our shitass lazy VP/SVPs/GVPs, who were all too happy globe trotting with nary a deal that would've made our orgs some profit.
Had these a--hats balanced their org's P&L sheets, HQ wouldn't have had to step in and clean (read cull) the house.
CX orgs have been freeloading on HQ's dime for too long. No company would allow a business unit to grow infinitely without seeing a return. Our xVPs should have kept us in loop on the bad state of CX but they played Nero.. leading to this day.
Majority of the brunt will be borne by us ICs, these brainless d-mbos (read xVPs) will have a softer landing.
HQ could have handled it in a more ethical and compassionate way but it's tough to see people when all you want to see is $$$.
This is only the first wave of layoffs. If rates keep rising and the economy slows, companies will focus on cost cutting.
I'm not trying to sound like a wise guy, but you are not. VERY few are. The rest are all little more than beef pork and lamb heading to sl------r. I wish I could tell you something else. But that is how it is.
You should have that mindset irrespective of Oracle. Anywhere you may be you are not safe, your mindset should be always on whether you are adding value to justify your salary. If you have that feeling you are not I would be looking for a new opportunity. Put yourself in the shoes of an employer, would you pay someone something with no return in value whether that is time or money? I may have a different mindset as I was made redundant very early in my career during the dot com crash, even though I was rehired as a contractor, however the feeling of being made redundant is not a good feeling. The only time I wanted a redundancy was at oracle.
It's time to take action. You can be anywhere you want, and you don't have to be at Oracle. Get that resume updated, spruce up the LinkedIn, and start reaching out.
Yes. No news is bad news. Time is up.
Sooner we get out of O the better it is … management has no vision