Thread regarding Oracle Corp. layoffs

why newspapers like the new york post are saying it was 30k layoff

i though its about 12.5k since last week , but new york post is reporting 30k


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Post ID: @OP+1kn38terb

10 replies (most recent on top)

It isn’t over, remember the last NA RIF a not so long 6 mos ago? Everyone took a breath and then the next smaller but still impactful round hit. We are all just numbers physically and financially. If your mgr is telling you all clear they are clueless and wanting to get you back to work asap. Survivor guilt is real take care of yourselves on both sides. .

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Post ID: @c9+1kn38terb

They took one analyst opinion from 2 mknths and now it is the truth.

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Post ID: @b3+1kn38terb

WARN notice filed for June 1. Seattle
Will lose 491. So they are not done.
.

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Post ID: @aj+1kn38terb

it's probably long term target and unclear what is the start point
according to slack totals per month so far:

  • mar01-mar31: 12446 layoffs, and 844 additions (based on Slack regular tracking)
  • feb01-feb28: 943 layoffs, and 1143 additions (based on Slack regular tracking)
  • jan01-jan31: 1604 layoffs, and 1834 additions (based on Slack regular tracking)
  • dec01-dec31: 1031 layoffs, and 844 additions (based on Slack regular tracking)
  • nov01-nov30: 1614 layoffs, and 1327 additions (based on Slack regular tracking)
  • oct01-oct31: 2504 layoffs, 1762 additions (based on Slack regular tracking)
  • sep02-sep30: 6275 layoffs, 861 additions (based on Slack regular tracking)
  • aug14-sep01: 733 layoffs (based on Slack very few data points)
  • aug01-aug14: ?2900 layoffs in IDC (based on media reports)
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Post ID: @ab+1kn38terb

It’s the beginning of a long stair step down to irrelevance

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Post ID: @a8+1kn38terb

What makes you think that they are done

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Post ID: @a7+1kn38terb

Once employees on LOA are informed, plus EMEA, and JAPAC in the coming weeks it will likely be closer to 20-25k.

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Post ID: @a5+1kn38terb

Because the billions of dollars allocated to restructuring cost (layoffs) recently given in the quarterly financial report match the cost of laying off 30K employees

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Post ID: @a4+1kn38terb

@OP World wide maybe 30K.

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Post ID: @a3+1kn38terb

They still haven’t done EAME and JPAC

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Post ID: @a1+1kn38terb

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