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Oracle shed about 20k roles globally in the last year

bbc.com

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Re: Oracle shed about 20k roles globally in the last year

#71

Post by __natty__ »

I’ve just been thinking about this and would like to ask those of you with more experience in the industry: do you prepare yourselves in any way for crises? Do you have any techniques for dealing with uncertainty?

Let’s say someone is entering the IT job market today. How should they prepare for the responsibilities of adulthood, starting a family, buying (perhaps on a mortgage?) their first flat, and planning for a family? I’m not writing solely in the context of AI layoffs but broader. Over the last 10 years that I’ve been in the IT industry from EU/US perspective, I’ve perceived the market as economic cycles, the sine wave of which has narrowed significantly (more often markets demands changes and instability) and accelerated in the past years.

Re: Oracle shed about 20k roles globally in the last year

#72

Post by Twirrim »

angoragoats wrote: post #3
lordluca wrote: post #2

Tech CEOs suddenly love blaming AI for mass job cuts

IMO it’s not sudden, the AI excuses have been gradual and ramping up for a couple years now.

A few years back I heard (via a friend who knows a CEO, so take it with appropriate pinch of salt given not a direct experience), that Gartner was asking the CEOs in its group meetings how many of them were laying off people due to AI, with the question presented in a very leading fashion that implied anyone not was behind the curve and failing their business or whatever.

Re: Oracle shed about 20k roles globally in the last year

#73

Post by glimshe »

__natty__ wrote: post #71

I’ve just been thinking about this and would like to ask those of you with more experience in the industry: do you prepare yourselves in any way for crises? Do you have any techniques for dealing with uncertainty? Let’s say someone is entering the IT job market today. How should they prepare for the responsibilities of adulthood, starting a family, buying (perhaps on a mortgage?) their first flat, and planning for a…

There's really nothing special about the current situation. Throughout history, jobs have been rarely anything close to guaranteed.

You save a good deal of cash for emergencies, live below your means, keep your skill set up to date and face the world.

Re: Oracle shed about 20k roles globally in the last year

#74

Post by marcosdumay »

shrubble wrote: post #70

A friend met with Oracle salesdroids (his company has spent a few million with them in the last few years). They told him everything is oriented towards AI, to the point that otherwise profitable software is not being updated and development has stopped on anything new. Oracle has a lot of niche solutions and the one my friend’s corporation uses is profitable but not on the AI path, so it is being put into maintenanc…

That's rational. Oracle has bet the farm on AI, if they don't make it work they will fail.

Re: Oracle shed about 20k roles globally in the last year

#75

Post by Twirrim »

Roark66 wrote: post #52

They will be hiring frantically next year. These companies seem to be led by mind bogglingly short sighted people. Maybe they should be replaced by AI. It can't possibly get any worse than now, right?

Next year?

There's a whole bunch of open roles at Oracle right now. https://careers.oracle.com/en/sites/jobsearch/jobs?keyword=E... 700 of them within engineering.

Re: Oracle shed about 20k roles globally in the last year

#76

Post by bob1029 »

__natty__ wrote: post #71

I’ve just been thinking about this and would like to ask those of you with more experience in the industry: do you prepare yourselves in any way for crises? Do you have any techniques for dealing with uncertainty? Let’s say someone is entering the IT job market today. How should they prepare for the responsibilities of adulthood, starting a family, buying (perhaps on a mortgage?) their first flat, and planning for a…

The only sure thing is to live significantly below your means as often as possible. Becoming accustomed to life as a peasant when you could live like a king is what makes you economically bulletproof.

I can go for a decade without another dime coming in the door. If I started using DoorDash and Amazon Prime every day, I'd last maybe 18-24 months. Just barely treading water is actually a great position to be in. It keeps you honest and any amount of work you do find on top of that feels like a windfall. An extra $500/m is a lot if you can make it happen consistently.

Re: Oracle shed about 20k roles globally in the last year

#77

Post by delusional »

__natty__ wrote: post #71

I’ve just been thinking about this and would like to ask those of you with more experience in the industry: do you prepare yourselves in any way for crises? Do you have any techniques for dealing with uncertainty? Let’s say someone is entering the IT job market today. How should they prepare for the responsibilities of adulthood, starting a family, buying (perhaps on a mortgage?) their first flat, and planning for a…

Nope, you just get up every day and do your best. If the ghouls at the top decide to axe you, then that's their loss. Humans have existing far longer than capitalism, we can survive without a boss.

Re: Oracle shed about 20k roles globally in the last year

#78

Post by jcgrillo »

shrubble wrote: post #70

A friend met with Oracle salesdroids (his company has spent a few million with them in the last few years). They told him everything is oriented towards AI, to the point that otherwise profitable software is not being updated and development has stopped on anything new. Oracle has a lot of niche solutions and the one my friend’s corporation uses is profitable but not on the AI path, so it is being put into maintenanc…

Absolutely unhinged behavior. If orcl goes nuts over chatbots and dies that will make this strange and profoundly icky era in tech all worth it.

Re: Oracle shed about 20k roles globally in the last year

#79

Post by afr0ck »

Tade0 wrote: post #42
desultory wrote: post #24

Earlier quoted context omitted.

Fire and re-hire from a desperate pool of anxious workers who will accept any offer to escape unemployment.

Well, not "any". -15% seems to be the magic number looking at my network and has been like that for 2 years now. They're going to flip us all like burger patties eventually - we're done on this side.

It's also an opportunity, from a different perspective

Re: Oracle shed about 20k roles globally in the last year

#80

Post by Tade0 »

afr0ck wrote: post #79
Tade0 wrote: post #42

Earlier quoted context omitted.

Well, not "any". -15% seems to be the magic number looking at my network and has been like that for 2 years now. They're going to flip us all like burger patties eventually - we're done on this side.

It's also an opportunity, from a different perspective

For me personally it was a golden year in terms of recommendation bonuses - managed to buy a laptop using just them.
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