11–20 of 28 posts
Earlier quoted context omitted.
Wow, parsing that from all states that have it could be interesting.
Early heads up on an imminent recession maybe?
Margin had dropped drastically as well, from 1.9b in profit to -45m (!) in the same time period. All data taken from our public SEC filings.
While this doesn't truly affect Oracle and its stock that much, our overall revenue continues to shrink globally. As such there have been thousands of people who have been laid off in the past two years, some silently, some in the WARN act.
Countless others have seen their roles relocated to India and Romania, which helps the company save on salaries, benefits, and commissions. By lowering cost of sales by hundreds of millions USD, the company has maintained its margin of roughly 30% per year.
But the layoffs will continue, and if the "Enterprise Hardware amd Software" market ever truly does ship out to the cloud, it probably won't be Oracle that is there to service those customers.
: many of my friends are Indian and Romanian and I am very glad they have decent jobs in their countries. I do not share the xenophobic sentiments of many of those who resent those countries that are receiving jobs from laid off roles in the US
The layoffs continue at Oracle, specifically in Hardware ("converged infrastructure" too), as our HW revenue has shrunk from 5b per year in 2010 to 1.7b roughly this year. Margin had dropped drastically as well, from 1.9b in profit to -45m (!) in the same time period. All data taken from our public SEC filings. While this doesn't truly affect Oracle and its stock that much, our overall revenue continues to shrink glo…
The layoffs continue at Oracle, specifically in Hardware ("converged infrastructure" too), as our HW revenue has shrunk from 5b per year in 2010 to 1.7b roughly this year. Margin had dropped drastically as well, from 1.9b in profit to -45m (!) in the same time period. All data taken from our public SEC filings. While this doesn't truly affect Oracle and its stock that much, our overall revenue continues to shrink glo…
I also have friends working at Oracle in Romania, and I confirm what you're saying. They are in the "who is hiring" category there.
Now seems everyone using it Interchangeably.
Ok, I thought there is a different between layoff and Firing. Now seems everyone using it Interchangeably.
The layoffs continue at Oracle, specifically in Hardware ("converged infrastructure" too), as our HW revenue has shrunk from 5b per year in 2010 to 1.7b roughly this year. Margin had dropped drastically as well, from 1.9b in profit to -45m (!) in the same time period. All data taken from our public SEC filings. While this doesn't truly affect Oracle and its stock that much, our overall revenue continues to shrink glo…
Keen.io secretly laid off a large amount of staff recently across-the-board. They provided severance in exchange for fresh confidentiality agreements. Here are some examples of the various people and departments affected by the lay-off and all let-go simultaneously: Director, People Operations & Facilities VP Engineering Sales Tech Writing and Dev Engagement
I don't believe these threads contribute to any discussions on this website. They are deliberately created as a joke.
The layoffs continue at Oracle, specifically in Hardware ("converged infrastructure" too), as our HW revenue has shrunk from 5b per year in 2010 to 1.7b roughly this year. Margin had dropped drastically as well, from 1.9b in profit to -45m (!) in the same time period. All data taken from our public SEC filings. While this doesn't truly affect Oracle and its stock that much, our overall revenue continues to shrink glo…
How is one being xenophobic if they are not happy their job is going overseas?