I know they will never stop, and judging by everything this summer will be very unpleasant for all of us, bt at what point do they plan to reach the numbers planned for the cuts and stop with the mass restructuring and layoffs. Is there a timeframe they have in mind or do they just keep going until they reach their desired numbers of cut people regardless of the time it takes to do it?
15 replies (most recent on top)
Yeah, I mean, if somebody was serious about sorting out oracle, they would start by getting rid of MH, SC, and grandpa LE, followed by their asskissing EVPs and SVPs and a boatload of useless VPs. So totally, the wrong people are being laid off.
"Oracle is going down the tubes because they are not laying off the right people fast enough."
My sentiments exactly. There is fat layer of degenerates there from worker bees to managers. It's cancerous.
The sooner they loop off this layer, the better. All this bemoaning and whining in this forum is of those currently employed: terrified and hiding in the cracks. Or those who were discovered and caught in a lay-off net.
They vilify the likes of MH and SC; but do they really wish for new captains to come on board; put on some gloves; and do some seriously needed cleanup?
They don't need to do mass layoffs; the policy of never giving an annual pay raise except to only the very top performers ensures that the bottom performers will quit of their own accord. This saves them in severance and in unemployment in the US. It feels great knowing that the company values me as an employee. That's why I make sure I work for teams with mediocre performers.
This is not true. The bottom performers at Oracle are so bad at their jobs that they will NEVER leave. They are terrified of being laid off. They cannot get a comparable job elsewhere.
All Oracle is doing through this policy is alienating the better people to the point where they all leave. In addition, the terrified people band together to screw over competent people, to deliberately make them leave. Wake the hell up. Oracle is going down the tubes because they are not laying off the right people fast enough.
There is no "plan", that's the problem. They just go with continuous rolling layoffs and have no idea what they are trying to do. I think it's a quarter-by-quarter thing. Each quarter they look to see how many people have to be laid off and they do that. Nothing internally changes, so cloud will never succeed, nothing will get better without some major replacement of management. So, layoffs will continue indefinitely, getting worse each year, until the company has no customers left.
If they are doing secret stack ranking, yet everyone believes it is a merit system, then how the heck does that allow you to properly evaluate your progress, worth and career? As Admiral Ackbar said “It’s a trap!”.
It’s disingenuous. It’s a chickenshit way to be deceitful to your employees. It shows how Oracle sets you up for failure. Microsoft ditched stack ranking, hired a real CEO, got serious about the company’s direction, and they are soaring. Stack ranking is a failed concept from the 1990s that other decent companies have abandoned. Hear about any companies bragging about using it?
All you folks asking about how Oracle is to work for, take heed!
@Zfz6Byc-1wgy in Oracle, performance review is for layoff purpose, not salary adjustment.
"... strategy has been to do whatever is needed to "manage" (i.e. cut) costs...
...The layoffs have become a regular thing at Oracle, but they manage those too in order to stay out of the press..."
Everything you stated is almost categorically aligns with any company in the world that has every existed. Again, another laid of cretin trying to explain away his/her failures with Oracle being the scapegoat.
Also, Look, it actually costs the same, if not more, hiring someone younger. They didn't let you go because you 'cost too much.' Stop flattering yourself.
If you got good 'performance reviews' and no increases consecutively ---- that's called a red flag. That's called you should maybe move on cause something is not right in Denmark.
I literally had 95% 5's on all my performance reviews and didn't see raises.
That's because performance reviews were for show and didn't correlate to anything meaningful. Stack ranking was held behind closed doors and wasn't mentioned to employees -- that's where the real decisions were made that could impact comp and even then the percentages of individual contributors getting a raise or stock was incredibly small.
Ever since the database market share started to be impacted by SQL server and open source alternatives, Oracle's strategy has been to do whatever is needed to "manage" (i.e. cut) costs. No raises, reducing benefits, shifting work to India, layoffs and pushing out tenured employees while hiring cheaper college grads have all been part of the game. The layoffs have become a regular thing at Oracle, but they manage those too in order to stay out of the press.
Bottom Performers? I literally had 95% 5's on all my performance reviews and didn't see raises.
" ensures that the bottom performers will quit of their own accord."
IF only that were true. Unfortunately, as i've stated many a times, Oracle doesn't have an attrition problem. They have a people staying beyond their usefulness problem notwithstanding increases.
When the company is liquidated, the layoffs will stop, until then .... smell the coffee - oracle is dead and going out of business.
They don't need to do mass layoffs; the policy of never giving an annual pay raise except to only the very top performers ensures that the bottom performers will quit of their own accord. This saves them in severance and in unemployment in the US. It feels great knowing that the company values me as an employee. That's why I make sure I work for teams with mediocre performers.
There is no magic number of employees that will stop layoffs. Oracle's model is to rif continuously usually small enough so they don't have to trigger the govt notifications and tip off investors. Some people think layoffs are a sign of bad management :) but in Oracle's case they do it as a management strategy (for lack of a real strategy) They rif whatever groups aren't producing enough revenue or aren't pushing the latest new app. Oracle is also the sponsor of the "Boy's Club for Dumba$$ Exec's who can't find any meaningful work" Look around and you'll see friends of friends and boatloads of people from NCR, HP....
ORACLE is making the big change to either make it or basically turn into another sun micro. So, I guess there will be a lot of lay offs this year and next. They stop when ORACLe catch up on cloud business to other major players :-)
You can't control that at any job, dummie.
Your only control is where you work; so move on if it's a concern for you.