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Oracle slashes 30k jobs

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Re: Oracle slashes 30k jobs

#381

Post by blackaspen »

rocmcd wrote: post #94
CoolGuySteve wrote: post #29

Earlier quoted context omitted.

Even at 100k employees I’m still dumbfounded by that number. What do all these people do all day?

Unless you have worked with Oracle or other big enterprises, you may not realize the scale of how these companies operate and the breadth of what they actually do. Just by looking at their product page[0] you can see they offer software, hardware, cloud, consulting, support, and even financing solutions. In addition to the technology and product people (of which there are many), you also need HR, sales, marketing, ac…

This! They do _everything_.

In the real world, there are a lot of things you need to run a business: HR, ERP, Financing, Cloud, Compliance, CRM, etc. There is really only one company who can sell them all to you on one piece of paper, and that's Oracle.

Re: Oracle slashes 30k jobs

#382

Post by psychoslave »

BeetleB wrote: post #163
js8 wrote: post #130

Earlier quoted context omitted.

Actually, it is. You have been blinded by capitalism to consider it ethical. The tribes usually treat the members as a family. While kicking someone from a tribe can happen, it's considered to be a harsh punishment. In a tribe, when hard times come, people usually redistribute. That's a normal, human way of dealing with that situation. Not a layoff. The other aspect is the economic crises. When a central bank decides…

It's a job. Not a tribe. The role an employer plays in societies varies from culture to culture, but note that in many cultures, it is "just a job".

Sure. Also the profitability of a company is just a number, and shareholders dividend is just fiduciary fictions, and company hierarchy is just arbitrary title attaching this or that person to this or that loosely defined role.

Drama is just in the head of people melted in the ambient narrative, sure.

Re: Oracle slashes 30k jobs

#383

Post by rustystump »

jimkleiber wrote: post #321
jedberg wrote: post #261

My Amazon layoff notice came at 5am. Same deal. I thought it was fake because it came to my personal email. Then I logged into my work computer and found that all my email had been erased except for a copy of the layoff notice and an invite to a 10am Zoom with HR. The funny part was the invite had everyone who had been laid off in the To: line. I was able to send internal only emails until 1pm, and then it logged me…

I'm not sure if companies understand the emotional impact on the laid off and the layoff survivors. It almost seems like a terror campaign, whether intended or not.

Contrary to what people may think, the most humane way is a fast clean cut. Drawing it out in anyway doesnt help anyone. This does assume communication is clear about employee next steps for HR related tasks.

This is also why in the other direction a fast clean cut works too. I mean if they want two weeks of “work”, i always consider that severance.

The fast clean cut is true in all industries. Drawing it out only makes it more painful. It is similar to breaking up in a relationship.

Re: Oracle slashes 30k jobs

#385

Post by JackFr »

InsideOutSanta wrote: post #318
rbanffy wrote: post #289

Earlier quoted context omitted.

> The only developers I know who write Java full time work in systems that take pictures of things from far away. We all have different circles. I work for a bank and the bulk of the LOB code here is Java (or something that runs under a JVM). There are no Oracle databases as far as I know, but my visibility is limited. Also, Oracle Applications for things like HR.

Yeah, lots of corporate backend code is Java, and Java is a great choice for backend/server code. I've never seen Oracle anywhere, though, not in banks and not in governments. I've mostly seen Postgres and MSSQL and some MongoDB.

I've been working in Wall St. banks for the past 30 years, and I've never used an Oracle database. The investment banks were all Sybase shops in the 90's, and a bunch of them still are. In my experience those that do move are most likely to go to SQL Server, since its Sybase roots make the transition a little easier.

When something has been there for 20+ years switching costs are big.

Re: Oracle slashes 30k jobs

#386

Post by jonas21 »

dijksterhuis wrote: post #160
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…

> (ai generated) here's a link to an actual source for people who also don't trust ai generated stuff https://www.macrotrends.net/stocks/charts/ORCL/oracle/number... edit: this source also includes data/graphs on stock price and bunch of other metrics, rather than just one number over time.

The graph in your Macrotrends link shows the exact same numbers as the AI source, but is harder to read and the page is half ads. It's not an authoritative source -- the data was most likely parsed out of Oracle's earning reports by some janky regexp. I don’t know why you would trust this more than AI.

Re: Oracle slashes 30k jobs

#387

Post by garbawarb »

ivell wrote: post #152
bux93 wrote: post #124

"Any unvested restricted stock units, however, were forfeited immediately." wow.

This is the unfair part. Quite often salary is reduced with the excuse of having stock options. So this is more like a cut in earned salary along with getting fired.

Pretty vicious. As an employee I wouldn't consider working at Oracle or any company that's done this when there are plenty of companies which, despite layoffs sucking for everyone involved, at least compensate their employees decently when it happens.

Re: Oracle slashes 30k jobs

#388

Post by ponector »

jimkleiber wrote: post #321
jedberg wrote: post #261

My Amazon layoff notice came at 5am. Same deal. I thought it was fake because it came to my personal email. Then I logged into my work computer and found that all my email had been erased except for a copy of the layoff notice and an invite to a 10am Zoom with HR. The funny part was the invite had everyone who had been laid off in the To: line. I was able to send internal only emails until 1pm, and then it logged me…

I'm not sure if companies understand the emotional impact on the laid off and the layoff survivors. It almost seems like a terror campaign, whether intended or not.

This is American way. There are no people, only resources.

Re: Oracle slashes 30k jobs

#389

Post by kibwen »

danmaz74 wrote: post #373
throwawayq3423 wrote: post #331

Earlier quoted context omitted.

Honest question, why would they care?

For the morale of remaining employees?

Honest question, why would they care? The rancher does not care about the morale of the cattle as they're being led to slaughter.

Re: Oracle slashes 30k jobs

#390

Post by troyvit »

BeetleB wrote: post #205
troyvit wrote: post #165

Earlier quoted context omitted.

Why stick with for-profit companies? But on measure I'd say System76, n8n, Nextcloud, GridX, Odoo, Tuxedo, GitLab, Uplight, Aurora Solar, Bandcamp (maybe), Bitwarden, Canonical (maybe), Scribd, Arcadia, Wikihow. Basically any time you find yourself enjoying a product you're using, see who made it and if they're hiring. Sure it's an uphill battle. This is late-stage capitalism after all and unless you're comfortable w…

GitLab is for profit, isn't it?

I tried to focus on for-profit, but I'm just saying there's nothing wrong with non-profits either. In fact I don't think I consciously mentioned a non-profit but I might have.
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