Thread regarding Oracle Corp. layoffs

"UPS just alerted me I have a package being delivered on Tuesday from a compensation attorneys office? Ugh I googled the attorney."

Layoffs are not done by mailing you a package. They are done by a human and a package is overnighted the same day as a notice. And it comes from Oracle, not an attorney's office.

A UPS package from a compensation attorney could be lawsuit related rather than layoff related.

UPS just alerted me I have a package being delivered on Tuesday from a compensation attorneys office? Ugh I googled the attorney.

My thinking is this round will be larger than the usual Q4 layoffs. Rumors abound about a 10 to 30% rif in FY20.

Oracle is not selling well, revenues are shrinking for the first time in years. When they came up with the 1.1 billion dollar rif a few years ago things were much brighter.

I do believe there is credence to these rumors and expect a lot more to be let go this summer than in years past.

Business partners claim they have been asked to step up because Oracle is taking a 10 percent hair cut in the employee base this summer. This has been published in trade articles. Something that has not happened before.

"Appraisal validity depends on your management but may not extend beyond that"

and Oracle needs no appraisal to rif you or keep you - it's 100% dependent on where your group falls in the overall strategy of the business. People (good people who know their $hit) are rif'd every day and not due to any fault of theirs, but wrong group, wrong manager and bad luck. There are some managers that try to use appraisals to help guide you but how many of the 3's or 4's get merit raises? And good luck having the salary range discussion, I was an IC4 (lower end of the fake range) and when "promoted" to IC 5 ( and I was ranked as a 5 for the focal) should have gotten a 60K raise to be at the lower end of that - guess what - I got zero, yes zero, with promise of "something later" and after 1 year of waiting -decided I'm not getting anything. Appraisals have nothing to do with money or promotions, like at other companies. And I think they're a waste of time. And yes, I am leaving on June 1st - plan to give a 2 week notice and move on.

Appraisal validity depends on your management but may not extend beyond that. I try to make the appraisals of my team somewhat useful as discussions of what people want to do, how they'd like to develop and, unfortunately, where they need to step up to hit metrics. I hate managing to metrics but they are there and if people above me come looking, performance needs to be explainable. Often it's good enough for people to just do the job and the metrics take care of themselves and we just need to explain anomalies which is often easy. So reviews can be useful if done more forward looking than back. And they also need to be realistic with what a person can be achieving and the person then has to put in effort. What I don't like is forcing ratings to a curve. You don't force rating to a bell curve, the bell curve is the natural result of the distribution of scores over a large population. A mandate to force to it is ridiculous .

"performance reviews are bogus and have no validity"

It has validity relative to the team/manager and the company. If you're ranked lowest on team and rif'd, that would be a performance based removal.

A lot of companies employ a bottom 10%. That is, the lowest ranking members gets culled.

This is not something Oracle nefariously introduced.

The reality is, according to most of the dim wits in here, there is no justification for Oracle to remove anyone ever. Doing so conjures up wild conspiracies, sky is falling, and Oracle bad narratives.

Besides, my tea leaves and crystal ball says nothing for the rest of the year.

When your job looks like Dilbert it is a bad thing for employment

https://dilbert.com/strip/2019-04-28

I think the point was that the performance reviews are bogus and have no validity. They're done as a check the box only, no real assessment is done of your work and they have no meaning unless management wants to use them to rank people for a rif. If you're really harming the business, you get put on a PIP (performance improvement plan) and are shown the door in 30-60 days.

LoL. Another prediction.

"It's based on performance reviews but has nothing to do with your performance." But wouldn't that be based on performance?

But, hold on, my crystal ball says no more till next year.

SC described by Forbes as a self made billionaire. She knows deep down she sold cloud fraud stock options to get there. Her legacy is secure.