It won’t ever happen as they know they will have a mass exodus and left with the cr-p. Nice thought but nope won’t ever happen your reviews and the bean counters are the ones going to make the decision.
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They will never do it. The exodus out the door would leave Oracle seriously understaffed. Plus the cost would be massive at a time when the company is in debt.
More likely is regular targeted layoffs (5% here, 8% here) that allows them to control who goes and when. Been here 15+ years and seen it way too many times. Right now the target is on Fusion Dev & QA. As decimated as some teams are, more cuts are coming.
Slashing dev teams to the bone is the only selling point that matters right now. If Fusion can show “progress” after cutting 25-30% of staff, the product sells itself. “We did it ourselves, and so can you” type of pitch.
Btw I’ve been to meetings where this is actively discussed. The goal is LEAN + AGILE + AI-HEAVY teams across the board, Miranda couldn’t do it, that’s why they retired him, The new guy is here to cut, cut, cut,
wasn't there a petition that went around the last round asking big O to have better separation terms? All our competitors were much more generous on severance and extending health care coverage.
Larry saw the bad optics and said that it would be a case by case which obviously meant nope, no soup for those who appealed.
@d1 Spot on, most people would leave if they could, but the job market is terrible. Better to have a paycheck than seeing your savings be drained if you have any.
I so desperately want to get on the next RIFF List. I keep monitoring this site for the next rumor layoff.
If there were a lot of jobs available outside there would have already been a mass exodus. Voluntary reduction is just too expensive. Using performance reviews is effective but it takes too long. In the US, they are really only obligated to 9 weeks of severance or 60 days of notice to meet WARN requirements. Healthcare benefits could just cease at the end of the month you are released. They only offered 1 month of cobra during the last round. They will probably go with mass lay offs and reduced severance.
A lot people aren't going to run away. Even though the lay off numbers are huge the vast majority of people keep their jobs and life goes on. A bad job is still better than no job.