Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Oracle slashes 30k jobs

rollingout.com

Post reply on HN
Print view View original

521–530 of 890 posts

Re: Oracle slashes 30k jobs

#521

Post by Aurornis »

iamjake648 wrote: post #273
samuelknight wrote: post #136

Earlier quoted context omitted.

This is standard in every tech RSU vest schedule I have seen.

Yes, it's the standard in every legal doc I've ever seen too, but most companies have typically done some accelerated vesting as part of severance. Of course they don't have to, but it's a generally lower cost way of showing some good will.

I've helped a number of people with negotiations and reviews of their employment offers.

I would strongly disagree that accelerated vesting upon layoff is common. It's rare.

Re: Oracle slashes 30k jobs

#523

Post by willio58 »

kyledrake wrote: post #157

The 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,…

> From my chair, they make an expensive database they try to sell to golf executives.

This is basically it. You wouldn’t want to use oracle for anything, and they know that. What they also know, very very well, is that they can get their fingers into high-dollar orgs and shmooze people that have little knowledge on the matter to lock themselves into basically never ending contracts for garbage products.

Oracle is a perfect distillation of capitalism in that way.

Re: Oracle slashes 30k jobs

#524

Post by rconti »

NickC25 wrote: post #63
dryarzeg wrote: post #35

Earlier quoted context omitted.

"One Rich A*[CENSORED] Called Larry Ellison"? : ) EDIT: LOL, I haven't expected to be downvoted for simply putting this in a way I like : )

this is the internet, not a Sunday service at your local mormon temple where swearing is banned. You can call Larry Ellison an asshole. There are few people more deserving of being called in asshole than he is.

I'm getting so exhausted by these weird Reddit/social media posts where my brain says "wait, is 'corn' a typo? Why did they write 'k*ll'", and so on.

The algorithm did something explicit censorship never could.

Re: Oracle slashes 30k jobs

#525

Post by Aurornis »

jimkleiber wrote: post #484
Aurornis wrote: post #460

Earlier quoted context omitted.

One of my past employers tried to give laid off employees a dignified send offs including not immediately revoking their access. The number of people who snap and make rash decisions to try to exfiltrate data, plant backdoor logins for themselves, or sabotage company work in those hours was a much larger number than I would have guessed prior to seeing it.

Maybe the solution is to not do mass layoffs. Not sure there's a dignified way to let go of many humans at the same time with almost no reason for why they're being let go except maybe a vague profitability scorecard. And also to expect and manage people snapping and giving them an off-ramp, financially but emotionally as well and maybe professionally, too. Why not try to help them find other jobs? Companies don't ju…

> Maybe the solution is to not do mass layoffs. Not sure there's a dignified way to let go of many humans at the same time

The number of people included in a single layoff wasn't a factor.

The people who snapped treated it as a personal affront and wanted revenge on the company. If anything, being laid off in a large group made it feel less personal to people. The people who felt unfairly singled out were the angriest. If an entire satellite office was closed or a department was laid off together they didn't take it as personally.

Re: Oracle slashes 30k jobs

#526

Post by prepend »

ghurtado wrote: post #378
jvanderbot wrote: post #194

Earlier quoted context omitted.

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 It sounds like your personal anecdote is particularly uninformative then.

Useful for letting us know that GP has a limited network and situational awareness.

I always find these “relative to me” claims not very informative on the internet. But it fun when every once in a while you notice the claimer is Bill Joy or Linus Torvalds or someone where the relativeness holds weight.

Re: Oracle slashes 30k jobs

#527

Post by HardCodedBias »

I think its clear that a lot of companies over hired during the pandemic, and it seems like we are getting more out of our entire staff with AI tools.

Given that it makes sense to cut if the company doesn't have new product ideas to spend that excess resources.

Re: Oracle slashes 30k jobs

#528

Post by 0cf8612b2e1e »

ahtihn wrote: post #516
0cf8612b2e1e wrote: post #115

Earlier quoted context omitted.

Which I would definitely prefer. A couple of years ago, two weeks before Thanksgiving, management announced there would be layoffs. No timeline on when the cuts would be shared or number impacted. People had to sit around for weeks, wondering if they had a job. Should I buy Xmas presents? Who knows!

> Should I buy Xmas presents? Who knows! If losing your job means you can't afford buying presents, isn't it good to know your job is at risk? Better than buying presents and then getting fired right?

That’s the point. Tell me today if I still have a job. Do not make everyone sweat about it for an undetermined amount of time. That’s unnecessary financial stress on all of the people who were not impacted.

Re: Oracle slashes 30k jobs

#529

Post by adi_kurian »

dijksterhuis wrote: post #434
jonas21 wrote: post #386

Earlier quoted context omitted.

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.

> harder to read and the page is half ads with an adblocker ... there is one ad on the page just above the graph about "Unlock Macrotrends Premium" which takes up 1.5/2cm of the page, while the graph underneath it takes up like 15cm. Then there's a bunch of other information on the page, none of which are ads. yes, there's a "you only get 5 page visits free" whole page pop-up thing, but there's an easy and well-known…

It's okay to use the chatbot. Nothing bad will happen.

---

> Yes — the universal fallback is `full-time employees`. That phrase appears in the employee-count disclosure across Oracle's filings in this run. ([Securities and Exchange Commission][1]) > > If you want the exact string to paste into `Cmd-F`, use these: > > * FY2010: `As of May 31, 2010, we employed approximately 105,000 full-time employees` ([Securities and Exchange Commission][1]) > * FY2011: `As of May 31, 2011, we employed approximately 108,000 full-time employees` ([Securities and Exchange Commission][2]) > * FY2012: `As of May 31, 2012, we employed approximately 115,000 full-time employees` ([Securities and Exchange Commission][3]) > * FY2013: `As of May 31, 2013, we employed approximately 120,000 full-time employees` ([Securities and Exchange Commission][4]) > * FY2014: `As of May 31, 2014, we employed approximately 122,000 full-time employees` ([Securities and Exchange Commission][5]) > * FY2015: `As of May 31, 2015, we employed approximately 132,000 full-time employees` ([Securities and Exchange Commission][6]) > * FY2016: `As of May 31, 2016, we employed approximately 136,000 full-time employees` ([Securities and Exchange Commission][7]) > * FY2017: `As of May 31, 2017, we employed approximately 138,000 full-time employees` ([Securities and Exchange Commission][8]) > * FY2018: `As of May 31, 2018, we employed approximately 137,000 full-time employees` ([Securities and Exchange Commission][9]) > * FY2019: `As of May 31, 2019, we employed approximately 136,000 full-time employees` ([Securities and Exchange Commission][10]) > * FY2020: `As of May 31, 2020, we employed approximately 135,000 full-time employees` ([Securities and Exchange Commission][11]) > * FY2021: `As of May 31, 2021, we employed approximately 132,000 full-time employees` ([Securities and Exchange Commission][12]) > * FY2022: `As of May 31, 2022, we employed approximately 143,000 full-time employees` ([Securities and Exchange Commission][13]) > * FY2023: `As of May 31, 2023, we employed approximately 164,000 full-time employees` ([Securities and Exchange Commission][14]) > * FY2024: `As of May 31, 2024, we employed approximately 159,000 full-time employees` ([Securities and Exchange Commission][15]) > * FY2025: `As of May 31, 2025, we employed approximately 162,000 full-time employees` ([Securities and Exchange Commission][16]) > > If the browser/PDF viewer is annoying, use this order: `full-time employees` → `As of May 31, 20XX` → `Employees`. The first one is usually the fastest. > > [1]: https://www.sec.gov/Archives/edgar/data/1341439/000119312510... > [2]: https://www.sec.gov/Archives/edgar/data/1341439/000119312511... > [3]: https://www.sec.gov/Archives/edgar/data/1341439/000119312512... > [4]: https://www.sec.gov/Archives/edgar/data/1341439/000119312513... > [5]: https://www.sec.gov/Archives/edgar/data/1341439/000119312514... > [6]: https://www.sec.gov/Archives/edgar/data/1341439/000119312515... > [7]: https://www.sec.gov/Archives/edgar/data/1341439/000119312516... > [8]: https://www.sec.gov/Archives/edgar/data/1341439/000119312517... > [9]: https://www.sec.gov/Archives/edgar/data/1341439/000119312518... > [10]: https://www.sec.gov/Archives/edgar/data/1341439/000156459019... > [11]: https://www.sec.gov/Archives/edgar/data/1341439/000156459020... > [12]: https://www.sec.gov/Archives/edgar/data/1341439/000156459021... > [13]: https://www.sec.gov/Archives/edgar/data/1341439/000156459022... > [14]: https://www.sec.gov/Archives/edgar/data/1341439/000095017023... > [15]: https://www.sec.gov/Archives/edgar/data/1341439/000095017024... > [16]: https://www.sec.gov/Archives/edgar/data/1341439/000095017025... ```

Re: Oracle slashes 30k jobs

#530

Post by the_biot »

Aurornis wrote: post #469
heraldgeezer wrote: post #407

Earlier quoted context omitted.

[flagged]

> But it goes both ways, if I want to leave I have to work the mandated period Do companies actually force people to continue working during that period? I would expect that in tech they'd allow them to leave early because employees who have chosen to leave the company are some times not the most helpful to keep around for months

I have never, ever understood this whole mandated period thing. Aside from what you mention -- do you really want to keep these people around against their will -- I don't understand how your (ex-)employer can force you to do anything against your will. All you have to do is say "no".

Yet people keep believing mandated work after a layoff is a thing.

Post reply on HN