Next level cost cutting will happen for sure. Jan 1-20. Get ready with your resumes
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There's a horror movie called You're Next. Now would be a good time to watch it if you haven't already.
perfect!! can I put my hat into the ring? would be welcomed in my case
I was laid off without any reasoning. I was read the statement and that was it. no emotions. it is enough that you have an id--t manager that does not like you, or that fears you.
you are basically forced to either sign their "mutual" agreement or be laid off a few days later.
it seems that micromanaging is the way to go in Oracle. so be prepared to know everyone s medical issues, dental appointments, weddings, funerals, etc.
also, all stocks are gone, although never invested but used of course to artificially increase a job offer. there are no such things like accelerated vesting.
Oracle remains a place for incompetent managers, that promise the world to you, just to gas light you the day you join their team constantly, with close to zero exceptions.
people that overdeliver, making the job of 10, are disposed once they burn(out), heartless.
Managers also get a preferential offer to go, just because they are close to pension.
so please rewrite to ALL ICs, beware!!! Managers, don't stress, you ll get the "never work again" offer, by default.
generally, if you are above local market in compensation, you are targeted, regardless of your skills. grudges, wrong (eye) color would make more sense as a reason for firing.
Earnings report.
Oracle is making a huge move into Cloud and Datacenters. They're taking on $15 billion in debt to fund this. Given $528B RPO and stock holder's expectations, O doesn't have much time to focus on its irrelevant or low revenue businesses. It still needs lots of money to fund its Datacenters and can't rely on Debt any longer.
Expect cuts in Legacy Product Support, On-Premise Sales, and certain parts of Hardware and Corporate (like Finance and Legal) that aren't directly supporting the Cloud pivot. It’s a complete reorganization aimed at hyper-efficiency.
FMW, FA is going to be trimmed a lot to cut heads with AI and automations. The management heads will be in constant reductions in these areas.
Even if you stay, you will money in pennies.
horsesh-t
Do you have a better source than "for sure" you can provide us for your insight?