I assume this email is the start of the process
14 replies (most recent on top)
Finally several class lawsuits are filled against wrong doings of ORCL Executive management who fooled not only their employees but company's investors for several years. These greedy and imorale unskilled Executives pumped and dumped their stocks at much higher stock values and became billionaires while hard worki g company employees struggling to afford their bills
https://www.investmentnews.com/regulation-legal-compliance/investors-sue-oracle-allege-executives-dumped-187b-amid-ai-hype/265164#:~:text=The%20suit%20flags%20a%20red,investments%20would%20start%20generating%20returns.
All culprits must be punished and justice must be served
Which locations were these in? Assume US as EU and other countries often follow later
its true. layoffs officially started at FGBGU Oracle Micros Columbia MD- people are let go - confirmed VP, Senior Directors, Engineers gone since Monday. Check slack
@bk have you heard someone let go based on whether they received such an email?
@OP I heard m level also got this email in DB org. Which org are you in? Anybody else?
I resemble this!
The beatings will continue until morale improves!
you can be sure layoffs will come, the company has pledged to investors to make exp reductions in order to offset equity shareholder dilution, necessary to fund capex
The beatings will continue until morale improves!
While Oracle did not confirm the specific figure of 30,000 ..
Read more at:
https://www.latestly.com/technology/oracle-layoffs-2026-tech-giant-issues-clarification-over-reports-of-30000-job-cuts-7300488.html
@b3 Global RE&F
@ay Org ? Location?
This person is actually correct. Our LOB Director has a call with his VP on Monday. He stated this is unusual since his VP is on Vacation. I fall under Global REF. Let’s be kind to one another until we know what is happening. We all feel the pinch right now. Peace and Love.
This is bait to search that in your email.
Which area? Didn't receive any