30000 jobs equals 10 billion dollars?
10,000,000,000 / 30,000 = 333k per employee?
I guess that tracks for a company that is 50% lawyers for suing their own customers /s
Oracle slashes 30k jobs
491–500 of 890 posts
Re: Oracle slashes 30k jobs
#492The 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,…
Oracle and Java are deeply embedded in US gov work. How deep? Let's just say a large number of classified developer jobs hire for Java. Ellison has been a huge proponent of a surveillance state, and that likely ingratiates him with certain three letter agencies. The only developers I know who write Java full time work in systems that take pictures of things from far away.
> The only developers I know who write Java full time work in systems that take pictures of things from far away.
Huh??? Google, the search engine part, is written in Java as far as I know. Yandex uses Java extensively. Odnoklassniki, once second most popular Russian social network, is written in Java. Banks like Java. Android apps are written in Java (and Kotlin, which I consider an abstraction over Java).
And that's only what I can remember right away. A sizable chunk of the world runs on Java.
Re: Oracle slashes 30k jobs
#493Full 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.
As a European, this seems normal?
When someone is fired, they generally stop working immediately while getting paid through the notice period.
Re: Oracle slashes 30k jobs
#494Earlier quoted context omitted.
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!)
> what exactly should they be held accountable for? Bad leadership. Costing the company a ton of money and goodwill. Need I go on?
The wasted cashed is only part of the story.
Just think of the wasted man hours spent on integrating 30K new employees that supposedly the company didn't need. The time spent in meetings about restructuring departments, new points of contacts, reassignment of duties, figuring out who to promote, training the new hires, etc.
Now the company gets to it all again in reverse with much lower moral and excitement. The amount of hours & employee focus wasted on the bureaucracy of the hiring and firing over 30K employees instead of spending that time on improving the business should get you fired from leadership.
Re: Oracle slashes 30k jobs
#495Earlier quoted context omitted.
Honest question, why would they care?
For the morale of remaining employees?
And that includes them, the people doing the layoffs, who are employees as well. And what we often don't realize is that causing the pain to others most often causes pain to us as well. Human group output and productivity can rely a lot on trust, and if that trust is damaged, it can hinder all productivity.
Re: Oracle slashes 30k jobs
#496Earlier 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…
Even at 100k employees I’m still dumbfounded by that number. What do all these people do all day?
More than 70% of the employees are probably Sales/Support/Service -- on par with any large enterprise firm (Think Cisco/Salesforce/ServiceNow etc)
Re: Oracle slashes 30k jobs
#497Are there any serious union efforts happening in big tech right now? It’s asinine to me that tech workers haven’t unionized at this point and that folks still fall head over heel just to get a job somewhere that would dispose of you without a second thought.
Re: Oracle slashes 30k jobs
#498Earlier quoted context omitted.
Not really. You can quit at any time, too. A job today isn’t (and shouldn’t be) any guarantee of a job tomorrow.
> A job today isn’t (and shouldn’t be) any guarantee of a job tomorrow. Also relationships, kids and stability. Spend all your life in perpetual anxiety, rent all your life, you will own nothing and be happy! Also, here’s a bowl of insect protein while we’re at it.
You can quit your relationships at any time, too. That's a fundamental tenet of our society - consent to an interaction between free people can be withdrawn at any moment for any reason.
That's not perpetual anxiety - that's the way things work today, and the way things have worked for generations. Anyone pretending otherwise is fooling themselves with lies.
Re: Oracle slashes 30k jobs
#499The 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,…
> Enlighten me on what I would use Oracle Oracle buys smaller enterprise companies with rich customers that were already using Oracle DB, or makes them rely on it, then cashes in on licensing. So for example, they bought Micros (most EFTPOS terminals in the world are powered by them, I think), they bought Cerner (big supplier of IT to healthcare companies), they bought PeopleSoft. If your big company isn't using SAP,…
It sounds like you don't use Oracle, Oracle uses you.
Re: Oracle slashes 30k jobs
#500Earlier quoted context omitted.
Blame it on whatever you like. oracle has been a rudderless leech for nearly 30 years now. - overpricing the database led to a predictable exodus and new players with often times better performance. - acquisition of MySQL led to a predictable exodus and new players like maria with often times better performance. - Oracle cloud arrived late to spectacular skepticism and low user turnout from customers who had been bur…
I hadn’t realized their stock price has been cut in half over the past year.
It's been cut in half year-to-date. It's about where it was a full year ago right now.