Honestly, isnt this going to happen in every SAAS based company? My feeling is the bigger and more staff they have the more they will unload. I feel like its almost a necessity otherwise some 3-5 man team agentic first solution will just come with the same offering at 80-90% discount and eat their lunch.
Oracle slashes 30k jobs
401–410 of 890 posts
Re: Oracle slashes 30k jobs
#402"cold" is redundant/implied for Oracle.
not any colder than any other company. spotify did the same to me.
Re: Oracle slashes 30k jobs
#403The bulk of the comments in here are focused on comparing Larry Ellison to a lawn mower, so I'll try a new tack and say that I'm genuinely confused at what the value prop of Oracle is. Given the history of their business model being licensing of important databases that are hard to switch off of, I've actually made a point to avoid using Oracle as much as possible (even so far as to leave MySQL when they acquired it,…
There's more to it than just pure databases. They have a pretty large vertical of SaaS apps, specifically ERP. Oracle Saas (their ERP platform) is used by thousands of customers - these are systems implemented with SI's and run super critical functions like payroll, manufacturing, etc really hard to rip out once they're put in place. This has been fueling their growth for some time, and seems like OCI is picking up n…
on this point the netsuite ecosystem is huge and there are not that many options for SME's that are too big/complex for inacct or quicken (even campfire/rillet etc) but don't want to get anywhere near SAP, Infor, IFS, oracle (not netsuite).
Re: Oracle slashes 30k jobs
#404Earlier quoted context omitted.
Oracle has record revenue and has for many years in a row. Laying people off is a result of mismanagement and not because they can't afford to keep them. In an ideal world I believe we'd have human centered employment instead of profit centered, and while I know that's unlikely to happen, it doesn't mean we can't criticize profit centered
> Laying people off is a result of mismanagement and not because they can't afford to keep them. Markets are a chaotic system and the needs of a business must constantly adapt - or they go out of business.
Re: Oracle slashes 30k jobs
#405Very often people will defend these kind of layouts as the result of overhiring but then shouldn't the leadership that over hired 30K people also be held accountable?
I think this sucks for the people being laid off but what exactly should they be held accountable for? It's not like over-hiring or laying people off is a crime. The employees presumably knew the deal going in (that they could be laid off). They got compensated for the time they worked. No one owed them a job at Oracle in the first place. (Again, not to diminish how bad it feels / shocking it can be to be laid off!)
> but what exactly should they be held accountable for?
For over hiring 30K people.
Re: Oracle slashes 30k jobs
#406Full text of e-mail: We are sharing some difficult news regarding your position. After careful consideration of Oracle’s current business needs, we have made the decision to eliminate your role as part of a broader organizational change. As a result, today is your last working day. We are grateful for your dedication, hard work, and the impact you have made during your time with us. After signing your termination pap…
> As a result, today is your last working day.
As a European, I never realized that this is allowed under US labor law. That is absolutely insane.
EDIT: some commentors have pointed out that the workers collect severance and unemployment --- I was not aware this is law in California, and that changes matters. I would, though, still find being suddenly out of a job fairly traumatic.
Re: Oracle slashes 30k jobs
#407My 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.
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Re: Oracle slashes 30k jobs
#408The bulk of the comments in here are focused on comparing Larry Ellison to a lawn mower, so I'll try a new tack and say that I'm genuinely confused at what the value prop of Oracle is. Given the history of their business model being licensing of important databases that are hard to switch off of, I've actually made a point to avoid using Oracle as much as possible (even so far as to leave MySQL when they acquired it,…
They sell to cash-rich organisations who are a bit clueless about technology and so can't or wouldn't want to either roll their own, or go with a better but smaller provider? e.g. I was unsurprised when I spotted that Novartis (no connection, btw) was deep in with Oracle. Big pharma, lots of money, typically-clueless-big-org-IT-leadership, etc. (LOL, Novartis also uses SAP.)
And, their product have worked correctly for decades.
So if you have a lot of money and don't want to take any risk you go the oracle route. It's not the best product today, but you won't have any surprise, except cost, that you can justify because it's oracle.
Which is the same as using a tank to go grocery shopping because you're afraid of an accident on the way. You need everything in house to support a thank, special garage, specifically trained crew, specific fuel...
And it's way harder to drive than a civic.
Re: Oracle slashes 30k jobs
#409My 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.
Some employees in the company might understand the emotional impact, but companies themselves would only look for certainty in protecting what belongs to them, which will hardly align with fairness or emotions towards employees in a situation like this.
Re: Oracle slashes 30k jobs
#410Earlier quoted context omitted.
The problem with advance warning is the employee who decides to sabotage in revenge. For example, a company I knew in the 80s had a wholly owned subsidiary. It was losing money, so it was decided to close the subsidiary. Management decided that they'd be nice guys, and notified the subsidiary that it would be closed in 90 days and then everyone would be laid off. 90 days later, management arrived to close the facilit…
I find it hard to blame the workers in this story... it's a poor indictment of the management if they only checked in 3 months later and got this surprise - no wonder the company collapsed!
The workers who left the company while still collecting a paycheck for 90 days are essentially stealing, and the ones who stripped the premises were also thieves.
I agree it was poor management to not oversee what was happening.
This is why management does not give advance notice of layoffs. Usually, when a person gets laid off, their first notion of it is a security guard is there to help them fill a box with their personal items and escort them out.
Nobody likes this, but it's the inevitable result of a bad apple now and then. For example, most people aren't thieves, but banks still need security guards because there are thieves.