Here's the real truth from inside, as a person that was involved in it from a high level (VP level), and can tell you straight up.
The goal was a 20-30% reduction, spread across RIFs and PERFs. This was spread about in late January, and hit most management in Feb.
The RIF this round is for cleaning out based on cost. OCI (OCI-C too because it got shuffled under DJ before December) is under pressure to reduce costs since they are literally operating at a loss. Ignore whatever they claim in the investor briefs, the math does not add up. They have been under significant pressure to reduce costs ASAP before end of fiscal year. This round was the RIFs.
Next up, are the PERFs. Those are performance related terminations. That will happen mostly in May, before end of fiscal year. That is why OCI was pushing hard to get all the performance reviews in as soon as possible. They will get the same package as those in last week's RIF.
Then, there will be further cuts for those overseas - because it takes longer to work through the mechanics of that, versus the US. If you are based outside of the US, then expect a late summer job hunt.
They did not base the RIFs on performance - they based it on the buddy system. You know, the kind where you keep your buddies and whack the people that make you look bad? Yep, that kind. Oracle is in terrible financial position, but they can keep the charade going for a while.
DJ and others directly under him are trying to do their best, but honestly the folks under some of the main people (under Clay for example) are the ones that are very very political, and will do whatever it takes to keep their buddies vesting. When those folks' vesting starts to pop, they will bail out, leaving OCI a skeleton crew of incompetent id--ts, leaving DJ and Clay and folks like that to clean up that mess. There are lots of lies going upward, so the people that actually care are not getting the truth.
Good luck. Sell your Oracle stock and get out before the rest crumbles upon the remaining. Oracle will be sold as sc-ap, much like Sun was to Oracle.
Post ID: @YfWNSe6-yaw
Thought this deserved to be moved up to a thread. Doubt this person is a VP, I don't think VPs care or post on this site, but it sounds like someone with some inside info.