Oracle reportedly plans to lay off thousands of employees in US as it aims for $1B in cost cuts. https://www.bloomberg.com/news/articles/2022-08-01/oracle-cuts-workers-in-us-customer-analytics-division #tech #oracle #oraclecloud #oracleemployees #layoffs
Oracle CEO is #8 richest man and has very high %age of ownership (roughly 35%) so he will do whatever it takes to lift that share price. And that means running the company leaner and cutting off dead weights. Expect something similar from Meta too by the end of this quarter if it continues to wipe off market cap
The time to jump that ship was 2012
Layoff experienced and hire fresh grads for lower and discounted pay under recession / layoff fear …. You are lucky to have a job take it or leave it
Guess I know why Oracle hasn't done anything with my SRE applications lol
I know actually, it was because there were better applicants for the SRE position. I am sorry to be the one informing you that. We are thankful for your application and will keep your resume for future openings. In the meantime… git gud
We will get back to you, in the meantime please keep scrolling our Careers page!
Microsoft did the same thing years ago with sales as Azure was catching up.(and in a similar scale) The reality is that you need less sales and CXP when you selling SAAS, PAAS & IAAS. The products sells itself.
No. When you have a hot product, it sells itself. The Oracle DB sold itself in the 90s, 00s. Cloud has nothing to do with it
Partially true. You need cloud architects, and CXP and also sales. Just with less numbers, as cloud is different from traditional RDBMS migration, and may require a complete new system design.
Will the engineering be impacted?
Seems like they're targeting low performing orgs as stated in article. oci and erp should be safe ig, rest got something to worry bout
already seeing posts of "restructuring"