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Oracle slashes 30k jobs

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Re: Oracle slashes 30k jobs

#691

Post by jakeydus »

niek_pas wrote: post #470
IncreasePosts wrote: post #423

Earlier quoted context omitted.

Why? They get a severance which is going to be multiple months salary, as well as approximately $2000/mo unemployment from the state (assuming in California). Personally, I'd rather just get the money and not have to work, rather than be forced to come into the office knowing I was getting canned in 3 months or whatever

I did not know they got severance. In any case, I'm still not sure I'd prefer that scenario --- coming into your work to suddenly find you've been terminated and subsequently sitting on your ass for a couple months while looking for another job seems pretty emotionally damaging to me, but to each their own.

I got laid off at a previous job and they asked me to stay on six months to train my replacement(s) and finish my project(s). In return I'd get my normal severance and a significant bonus for staying the whole time. I did so and worked hard for the entire time. A few months later I got lunch with my former manager and they informed me they would have absolutely coasted the entire time. In hindsight, I'm not sure why I put the effort in. Live and learn, I guess.

Re: Oracle slashes 30k jobs

#692

Post by scentoni »

nubinetwork wrote: post #609
jollymonATX wrote: post #208

Earlier quoted context omitted.

They have not pulled the pin on the ZFS grenade yet, but I expect at some point it happens.

I'm not sure Larry would be interested in suing Matt Ahrens (one of the original designers), or a handful of LLNL employees (ie the US government).

The present US government would delight in finding a new way to funnel more yachtloads of cash to Larry Ellison, legally or otherwise, as long as someone in the regime gets something out of it.

Re: Oracle slashes 30k jobs

#693

Post by randomNumber7 »

2OEH8eoCRo0 wrote: post #10
TwoNineA wrote: post #8

Earlier quoted context omitted.

> Imagine slashing 30,000 jobs for a measly 2% share price bump. One lost job is a tragedy. 30,000 jobs lost is statistics.

These are some of the richest and most profitable companies in history but they act like miserly slaves to their share price. We have created such a perverted incentive system.

These companies didn't create the system and they are only rich and profitable because they act accordingly.

Re: Oracle slashes 30k jobs

#694

Post by lenerdenator »

alephnerd wrote: post #579
lenerdenator wrote: post #284

Earlier quoted context omitted.

> That said, I guess it can be argued that Cerner and NetSuite being on the chopping block can be attributed to AI because now procurement has the choice to either build in-house via an Anthropic or OpenAI SI like Accenture or TCS or they can negotiate better purchasing terms from a best-in-breed product in HRM and ERP like SAP instead. Cerner isn't an EHR, it's an EMR. EHR == Electronic Health Record. Your FitBit da…

> You can't just vibecode your way to replacing an (sic) EMR Absolutely, but you can now demand a market leader like Epic to give you a significantly better discount (eg. 20-30% over the 10% you may have previously been offered). And that is the crux of the "SaaSpocalypse" and why you are seeing targeted layoffs in Oracle specifically for their ERP and EHR products. > It's also worth noting that the DoD uses Millenni…

> Absolutely, but you can now demand a market leader like Epic to give you a significantly better discount (eg. 20-30% over the 10% you may have previously been offered).

Is this on the grounds that you can do it yourself?

Re: Oracle slashes 30k jobs

#695

Post by chasd00 »

mr_mitm wrote: post #263
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,…

Aren't their databases behemoths that satisfy requirements (especially of regulatory nature) of large banks and such? I don't think they have much in common with the needs of your run-of-the-mill startup.

> I don't think they have much in common with the needs of your run-of-the-mill startup.

that's right, Oracle's databases are for things like Visa and Mastercard transactions and maybe the US IRS and Social Security systems of record.

Re: Oracle slashes 30k jobs

#696

Post by zerr »

HomeDeLaPot wrote: post #578
zerr wrote: post #166

Earlier quoted context omitted.

6+ months' notice with a severance package equal to at least an annual salary.

Giving any kind of notice about layoffs while expecting employees to continue working is just bad for everyone. The employees stress out about whether they're going to be impacted. Nobody gets much work done as they update their resumes and prepare for the worst. The best people start looking for other opportunities and find them. If specific employees are told they're going to be laid off, some seek revenge. Much be…

You immediately notify to the affected persons with the given notice period. This is how it's done in civilized countries.

Re: Oracle slashes 30k jobs

#697

Post by bombcar »

viccis wrote: post #428
jimkleiber wrote: post #321

Earlier quoted context omitted.

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.

One of the most surreal meetings I've ever been to was a company All Hands after a 20% layoff round. The upper management people who decided who was laid off took turns talking about how upset it made them to have to do it. They showed a diagram of the Kubler-Ross stages of grief and went back and forth talking about what stage of grief they were in having to lay all these people off. Was like something out of the UK…

The sad thing is they probably did feel bad about it! But nobody cares and talking about it at that time is incredibly tone-deaf.

Re: Oracle slashes 30k jobs

#698

Post by randomNumber7 »

wiseowise wrote: post #669
randomNumber7 wrote: post #644

Earlier quoted context omitted.

In germany you have the opposite and it is also nonsense. You have to work with people that do literally nothing (usefull to the goal of the company) and they can't be fired. Companies are afraid to hire. Young people only get short therm contracts. If a company needs to cut jobs it has to keep employees with children over the others. What society will be more productive?

What makes you think that productivity is the most important goal? I’ll take Germany way over Silicon Valley bullshit any time of the day.

You have actually more to give if you are more productive.

Germany acts like money grows on trees. Reality will come and hit hard.

Re: Oracle slashes 30k jobs

#700

Post by __turbobrew__ »

Aurornis wrote: post #460
jimkleiber wrote: post #321

Earlier quoted context omitted.

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.

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.

I have seen that too. People on the way out trying to get access to production systems. Layoffs suck, but the business needs to protect itself from those who are departing. The company used to have more lax separation procedures but after that incident everything got locked down.
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