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Oracle slashes 30k jobs

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Re: Oracle slashes 30k jobs

#111

Post by throwaway5465 »

hyperpape wrote: post #30
muskstinks wrote: post #9

Earlier quoted context omitted.

I don't think its that easy. Look at their employee numbers over the years: (ai generated): Oracle Corporation Employee Count (2010 - 2025) Legend: Each '' represents approximately 4,000 employees. Year | Employees ------------------------------------------------------------------ 2010 | (105,000) 2011 | (108,000) 2012 | (115,000) 2013 | (120,000) 2014 | (122,000) 2015 | (132,000) 2016 | (136,000) 2017 | (138,000) 20…

If I do my python right, from 2010-2020 they grew by 2.5% annually, from 2020 to 2025, they grew headcount by 3.7% annually. After the layoffs, they'll apparently now have grown by 1.0% annually since 2020. So yes, from 2021 to 2023, they had a huge spike, but overall, it's a net slowdown in growth relative to the 2010-2020 period. If this was about reversion to the old pattern they'd have done a smaller set of layof…

Or a pickup from 2015 - 2021 which was 0% growth.

It's tricky to pick an end-of-decade year also - recessions tend to happen +/- 2 years of the end of each decade in the USA, or at least have done since records began in the 19th century. For example 2010 was recovery over 2008/2009's bust. It's not like comparing March to Ma4ch for a crude seasonal adjustment.

Re: Oracle slashes 30k jobs

#113

Post by gustavus »

cyanydeez wrote: post #65
dafelst wrote: post #2

More victims of AI. Not actually of "AI is replacing jobs", more "oh shit we are spending too much and the product isn't good enough for us to ever make a return on our absurd over-investment".

[flagged]

> this whole fascist, AI, far right nationalist takeover

Well that's a new take I haven't heard before. That the AI is actually a far right nationalist takeover.... That's an interesting perspective.

Re: Oracle slashes 30k jobs

#114

Post by franktankbank »

_aavaa_ wrote: post #102
hyperpape wrote: post #30

Earlier quoted context omitted.

If I do my python right, from 2010-2020 they grew by 2.5% annually, from 2020 to 2025, they grew headcount by 3.7% annually. After the layoffs, they'll apparently now have grown by 1.0% annually since 2020. So yes, from 2021 to 2023, they had a huge spike, but overall, it's a net slowdown in growth relative to the 2010-2020 period. If this was about reversion to the old pattern they'd have done a smaller set of layof…

You did the Python right but the analysis wrong. Looking at it on a graph you can see that interpreting a single growth rate for the entire period (even if you stop pre-covid) doesn’t make sense. You can see linear growth from 2010-2017. Then slow decline or at best a flatline from 2018-2021. Then they went crazy in 2022-2025. Now if we just do 162k - 30k we are back to 132k, basically same ballpark as pre-COVID.

That's not how stocks are measured on wall street. They picked the dumb metric.

Re: Oracle slashes 30k jobs

#115

Post by 0cf8612b2e1e »

troyvit wrote: post #84
SoftTalker wrote: post #43

Earlier quoted context omitted.

There's no real way to sugar-coat losing your job. I think an email is as good as anything. Ensures everyone gets the same message at the same time.

I think the headline is not the best headline, but what it meant by "cold" is that there was no advance warning. So like cold-calling somebody, but to fire them, and an email instead.

Which I would definitely prefer. A couple of years ago, two weeks before Thanksgiving, management announced there would be layoffs. No timeline on when the cuts would be shared or number impacted. People had to sit around for weeks, wondering if they had a job. Should I buy Xmas presents? Who knows!

Re: Oracle slashes 30k jobs

#117

Post by dryarzeg »

NickC25 wrote: post #63
dryarzeg wrote: post #35

Earlier quoted context omitted.

"One Rich A*[CENSORED] Called Larry Ellison"? : ) EDIT: LOL, I haven't expected to be downvoted for simply putting this in a way I like : )

this is the internet, not a Sunday service at your local mormon temple where swearing is banned. You can call Larry Ellison an asshole. There are few people more deserving of being called in asshole than he is.

> at your local mormon temple

Sounds like a kind of insult to me. I'm not related to them in any way.

And, to be honest, I'm just trying to kind of follow the guidelines. There's too much of bad news and negativity around me, I'm fed with it already, thanks. I want to have fun if it's possible.

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