Thread regarding Oracle Corp. layoffs

This is mostly for non-Oracle people reading this mess. I've summarized last 100 posts here on layoffs.com:

Based on the provided text, Oracle is in the process of a major, multi-phase reduction in its workforce. The layoffs are described by employees as part of a strategic shift to cut costs and reinvest in artificial intelligence (AI).

The layoffs are impacting a broad range of employees across different departments, levels, and regions.

• Geographic Locations: The cuts are confirmed to have impacted the US, specifically in California and Arizona, with 161 layoffs in Seattle alone and 143 in the Bay Area. Layoffs have also been reported in Canada and India, with "hundreds of roles affected."
• Business Units & Teams: The primary focus of the layoffs appears to be the Oracle Cloud Infrastructure (OCI) division. Specific teams and products mentioned as being affected include:
  • Fusion Applications (FA)
  • Database (DB)
  • NetSuite, with the entire support team in Canada (60 people) and teams in Kitchener being laid off.
  • JET, VB, and ADF product teams.
  • Legacy applications like EBS, Siebel, and PeopleSoft.
  • Industries such as Utilities and Construction.
  • The OCI AI team and AI/ML project management roles.
• Employee Profile: The layoffs are not targeting a single demographic. The text notes that cuts are being made to "H1Bs and US citizens," "Employees based in India and in the US," and "Employees at all levels up to SVP." It is also mentioned that "High performers" and those with "Exceeds Expectations" ratings were let go, along with long-time employees with over 20 years of tenure. One post claims a "senior VP" with "25yrs poof" was laid off.

The layoffs are not a single event but a phased process occurring over several months.

• Mid-August: The initial wave began with meetings and notifications in mid-August, with some employees' access being cut off immediately after a short call.
• September: Multiple sources point to a major wave in September, with one post stating, "EMEA will be hit in September. The list of people is in the system already." Another says, "September 2nd is what I heard for another unit in Europe."
• October: Public WARN filings in California and Washington confirm layoffs taking effect around mid-October. A post mentions, "Next round is Oct 13-15 based upon USA WARN filings in WA and CA."

The provided text suggests that more layoffs are to come and offers various reasons for the cuts.

• Total Number of Layoffs: There is no official number, but rumors and estimates range from 8,000 to "10% across entier company," which would be approximately 18,000 people.
• Strategic Direction: The main reason cited is a strategic shift to cut costs and reinvest in AI. The text explicitly states, "The supposed GDP boosts from hiring workers failed to materialize in reality due to the fact that all wages paid are getting saved instead of circulating throughout the economy." The company is reportedly shifting from a "cash cow" model to "reinvest it in AI."
• Managerial Structure: The text suggests that the company is "bloated with middle tier manager's" and that a "Mid mgmt reduction" is necessary.
• Severance and Benefits: Severance packages are reported to be "4 weeks for first year of employment. One more week for each additional year of employment. Maximum is 26 weeks." Employees have concerns about what happens to their unvested Restricted Stock Units (RSUs), with some noting that they "lost the other 3" years of stock. One employee mentions, "Our group lost a few who were close to retiring anyway but also a few who had no plans. The job market is never as good as you would like but it can always be worse."
• Morale and Culture: The layoffs have had a significant negative impact on morale, with employees expressing feelings of shock, disbelief, and survivor's guilt. The text quotes a post that reads, "You are cattle." and another stating, "I'm getting the fu--k out of here ASAP...I've never seen this before."