Oracle should do the same. The only people who bail after an announcement are those who were already thinking of leaving, especially those who have received bad reviews or are on probation. With the new layoffs, the global headcount for the startup would be reduced to 25,000. So instead they announce future lay offs, and you are left wondering what you should do. Links 12/12/2020: EasyOS 2.5.3, KDevelop 5.6.1, Wine 6.0 RC2; Links 11/12/2020: Alpine 3.12.2 and Hackboard 2; Links 11/12/2020: MAAS 2.9, Zenwalk Current 15.0, OpenWrt 18.06.9 and 19.07.5; Early Request for António Campinos to Cooperate With EPO Staff Survey (Which Later Showed Less Than 1 in 33 EPO Workers Trust Him) About 6,300 employees will lose their jobs between only two companies: OYO Hotels and Oracle. But, the upper management in the development area for our product group got the decision reversed because: November 2, 2020 Update. Now, if they told you that YOUR position is going to be eliminated in say 8 months, that would be different. What is the outlook for OMC? In an effort to cut their own costs amid decreasing demand, consulting companies like Accenture are turning to layoffs. ET Oracle is sharpening its ax for the Dyn networking biz it acquired in 2016, with plans to slash jobs and switch off services. HP is not worse, it's much better, more honesty in the management. no junior-high thugs - wanna bet? They are being let go to boost profits. As for the early retirement, it's just a voluntary layoff, with a slightly sweeter pot offered so oldsters will volunteer. If you were hired recently you are definitely history. By Ron Mendoza @ronmendoza_ 03/06/20 AT 8:20 AM. It had no mercy axing from sales, to remote services, implementation, project management, project specialists all the way up to the Director FBGBU Consulting North America. Amsterdam and Malaga are also suspected to be hit with the job cuts. I have friends who support those products who are going, starting tomorrow. How is laying off that many people "doing right?" Last year, under new leadership, HP said it would cut 9,000 employees, while IBM rival Cognizant soon after announced plans to eliminate 7,000 positions. Monarch Beverage - 633. Are you eagerness and attitude to learn on your own? A company memo sent to UK staff stated “The crisis has caused additional strain on the business due to lower demand and reduced national attrition. Total reported layoffs — In October we recorded a total of 79,099 reported layoffs. @2Hloi+125lGUIc The company is "unable to provide details on the … Tableau was acquired by Salesforce in June 2019 for $15.7 billion and is now a subsidiary of the CRM and customer experience giant. I never said HP was perfect. It could be worse. better internal management - subjective, but given how HP is swirling the bowl, I'd say no. The figure represents roughly 1 percent of Oracle’s worldwide workforce. I got lay off today. The country that would be hit by the OYO layoffs the most is China as the coronavirus-stricken country is impaired economically, according to Bloomberg. The Indian budget hotel startup already announced in January that it will undergo restructuring, and the layoffs that will affect 5,000 jobs is part of the company's efforts to reduce spending and go after profitability, OYO's spokesperson said. They are doing this under the disguise of Performance Plans. Oracle layoffs will impact roughly 1,300 employees across Europe, according to The Irish Times. They are definitely not unhappy with HP. raises and bonuses - also ended a long time ago. Oracle's layoffs are never announced, they are sprung on employees. It is hardly make sense of Oracle import client representative from Vietnam and based in Singapore since the customer are in Vietnam. Electric Vehicle Launches To Watch Out For In 2021. If O was going to cut those kinds of numbers, they would announce it, as Wall St. rewards mass layoffs. HP's legendary profit sharing bonus program ended over 20 years ago. “[We] see Oracle’s latest layoffs driven by corporate finance,’’ she said. Think about it, put yourself in the place of some deadwood, some guy that can BS on any subject but has no idea how to do his actual job. Exxon Mobil - Close to disclosing US, Canada Job Cuts. Then the layoffs happen and plenty are still caught off guard, thinking that because they've had good annual reviews, the project they were on was important or they were the boss's pal that they were safe. If you were hired recently you are definitely history. And don't kid yourself into believing that the current management is any better, it's still endless layoffs, which isn't surprising as HP Inc's printer business has shrunk drastically. We talk here about ORCL swirling the bowl, but both HP Inc and HP Enterprise really are swirling the bowl. Many are international and want to stay in the country so they put up with it. Updated 3:06 PM ET, Sun June 21, 2020 . The layoffs would affect mostly jobs in Europe. They took it away from Support and put it in Dev. Once upon a time HP was a no layoff company. All employees of CDC R&D are now waiting for releasing. It's been a 401K only for about 15 years Anyone else hearing anything similar? "As our cloud business grows, we will continually balance our resources and restructure our teams to help ensure we have the right people delivering the best cloud products to our customers around the world," a spokeswoman said. This guy has only a couple of options, as I see it: 1) He can attach himself to a manager and do that manager's dirty work (I know people like that) or 2) he can try to move to another place in Oracle, BS-ing all the way. by Joe Panettieri • Mar 4, 2020. Oracle has released many long time (15 years and up) employees from their Food and Beverage Global Business Unit yesterday 6/17/20. I used to work for Oracle. They have to be laid off, that's the only way. Rest assured, you will be informed here LOL, heads-up on how many people will be laid off, better coordination from the top management, Use of this website constitutes acceptance of our. Seems unlikely. Read recent Oracle press releases, announcements, statements, cloud news, investor and analyst information, and analyst relations updates. But then, pretty much any place is better than Oracle. In mid-July, it was reported that Accenture was starting to make up to 900 job cuts in the UK that targeted all job levels. These big companies have way to many chiefs and not enough indians. MANCHESTER — Employees at Oracle + Dyn, one of the Millyard’s biggest employers, were informed of layoffs through a conference call Tuesday morning, the Union Leader has confirmed. I know people that would take it if there was one. Are you doing the job for which you were hired? I dare Oracle to honestly put up an early retirement program. The tech giant is releasing employees because its cloud services business couldn't meet the target revenue to cover for its losses in its traditional licensing business. They want the older people to leave, but they prefer them to be screwed over instead, to force them out and save money so they can give it to the TWO CEOs, both on the top-ten list for highest paid CEOs, where the other CEOs on the list are single CEOs. I was devastated but kept myself positive and started applying to new opportunities. 3. As a former HP'er, I can tell you that The HP Way flew out the window when CF took over and never came back. I know someone who is planning on taking their retirement plan. But outside of early retirement programs, nobody does that, do they? Share any updates you may have about Oracle Layoffs 2020? OYO's U.S. footing is also snowballing with already an established presence in some major cities and a $300 million funding that would allow it to place more OYO rooms across the states rapidly. Economic Preview New wave of layoffs points to fresh hurdles for U.S. economic recovery heading into the fall Published: Aug. 29, 2020 at 11:37 a.m. June 19, 2020 at 5:42 pm Updated June 19, ... announced 146 layoffs at the plant, which has a workforce of roughly 600. All of cloud support? "During the tough Coronavirus situation, we will continue to support the benevolent and resilient Chinese society, in every possible way. Firstly, You need to question yourself and get answers for the following : 1. They wonder why there is no loyalty. Oracle need to restructure to be competitive. 2020: The Year in Sports When Everybody Lost The state of Wisconsin is a microcosm of the financial devastation the pandemic has brought the sports industry, and those who rely on it. And the layoffs under her watch were in the tens of thousands. Because only a small fraction will be let go, and they're all dead wood anyway, right? LJ s—s. On Aug. 26, Salesforce reportedly laid off about 1,000 of its 49,000 employees, despite reporting $5.15 billion in revenue for the second fiscal quarter of 2020, up from $4 billion for the second quarter of 2019. Last year the company secured $1.5 billion from its major backer, the Masayoshi Son-led Softbank, Lightspeed Venture Partners, Sequoia Capital and $700 million from its 26-year-old founder Ritesh Agarwal as the company made more plans to expand globally. By Joseph F. … better coordination from the top management -subjective The management manage to hide this in the structure. Oracle has released many long time (15 years and up) employees from their Food and Beverage Global Business Unit yesterday 6/17/20. About 1.3M more people likely filed for unemployment last week, economists predict pushing the measure of total layoffs in the pandemic to 45.5M. Wouldn't it be nice if Oracle could let people honestly know when layoffs are coming or if they need to reduce headcount? The state says ... [+] more than 34,000 Ohioans filed unemployment claims during the last week of May. About Oracle Corp.: The Oracle Corporation is a large global computer technology company with the main office located in Redwood City, California. I knew people at HP who hadn't had a raise in over 10 years. An 8,000-employee layoff would amount to about 10% of its workforce. December 18, 2020 General General Or so you thought. They are glad to be paid-out and the pay-out is good. ... reportedly t hrough voluntary layoffs, natural turnover and involuntary layoffs. You face interviewing with people who actually know what they are doing. Modern day slavery. Here are some COVID layoff highlights I’m seeing from Talent Airport (brought to you by Ongig & Friends) through midnight last night. @125lGUIc-1xyf Give it a few more years and it will get worse. Any news or rumors?". 1) development is not set up for, or have the manpower to handle service requests HP isn't losing money. @125lGUIc-cwzb, it's true, they moved support for Cloud, Cloud infrastructure (the engineered systems and software needed for the cloud to Development. retirement package and plan - HP k–led its pension plan a loooong time ago. It's just much better than Oracle: It's better. The Oracle layoffs come after two reported earlier rounds of layoffs at the Dyn unit, and other recent downsizing moves by the global software giant, which has about 138,000 employees around the world. Nelson-Atkins Museum of Art - Some Layoffs , No # Walmart Sunnyvale Tech Hub - 216 Update: Aramark Kansas City - 550 December 20 , 2020 At Oracle Super big layoffs coming soon due to COVID. VMware had some layoffs in August 2020. At Oracle Super big layoffs coming soon due to COVID. Search for: accenture layoffs 2020 usa. It had no mercy axing from sales, to remote services, implementation, project management, project specialists all the way up to the Director FBGBU Consulting North America. Isn't that the point of this WHOLE ENTIRE SITE???? HP turned down the offer from Xerox, so that's done with. Oracle is just a money-making scam for the people at the top. Veritas Technologies had targeted layoffs in August 2020. I'm not in those groups so I don't know how things were working before, so this sounds like it could be a GOOD thing, but that remains to be seen. Layoffs 2020: OYO Cuts 5,000 Jobs, Oracle Lays Off 1,300 Staff. Deadwood never leaves on their own. If there are enough clueless people where he is going then that can be done. Not valuable people like you. Yeah, they announced layoffs, they are an honest company trying to do right by their employees. So i guess that means that today support for cloud moved to dev? Dell Hit With New Layoffs, Says Cuts Unrelated To COVID-19 A sales reorganization appears to be behind the current round of Dell layoffs, according to one solution provider. Days after Oracle chief Larry Ellison brushed aside rumors of layoffs, a Wall Street analyst reports that the software maker will cut an additional 400 to 800 employees. This photo taken on November 20, 2018 shows Indian entrepreneur and founder of Oyo Rooms Ritesh Agarwal working on a computer in New Delhi. When times got tough everybody would take a 10% pay cut, which was restored when things got better. We want to thank our partners, employees and customers for standing strong together," said the spokesperson. Asking for a friend. … All other nations tax individuals based on their residence. But, leaving the company is difficult. And then there was CF's reign of terror, when 10's of thousand lost their jobs and she defended her offshoring policies by saying "Americans don't have a God given right to a job". I found myself into another job at a a startup in Austin but that didn’t last long. And then there was MH's own reign of terror. Oracle has dragged the layoffs out so long that the better people are the ones leaving on their own. It was a sever Oracle Axing. Got laid-off twice in 2020 Hey all, First, when COVID hit United States, I got laid-off for the first time in April 2020. I have heard another re-org is going to happen in Dec, not as massive as June. 40 people in cx laid off today and more cuts coming in June. Will this happen to China? The deadwood is never the first to leave at any company. At least you would know the status of the company you work in. Oracle's decision to sack 1,300 staff, on the other hand, is not influenced by the economic effects of COVID-19. Photo: CHANDAN KHANNA/AFP/Getty Images, Indian entrepreneur Ritesh Agarwal founded Oyo in 2013 and the company is now valued at $10 billion. Dublin is a prime target with 1,400 staff employed in the capital. Making the environment sh–ty at Oracle only makes the better people leave. Stratasys, a 3D printer maker, cut 10 percent of staff in June 2020. OpenText, parent of Carbonite and Webroot, cut some staff in April 2020. Sometimes I think the pre-announced layoffs are done so that the deadwood leave on their own, and the company saves on the severance. I am in Support and a month or so ago the cloud execs fought to have cloud support issues in our specific product group (which would be part of the cloud infrastructure) bypass support and go directly to development -> and the cloud execs won that battle. The retirement plan is a really a good deal. Oracle layoffs will impact 1,300 employees across Europe, according to March 2020 reports. A man cycles past a shuttered movie theater in Times Square following the outbreak of coronavirus disease (COVID-19), in the Manhattan borough of New York City, New York, U.S., March 17, 2020. Time for those standing to start looking for new jobs with thriving companies. But then again, so and so was let go last time, and he was well regarded and valued. I haven't seen any announcements or heard anything. China is OYO's second-biggest market, and including India, the company employs over 20,000 to 22,000 staff in both countries. But despite these hellbent expansion plans, the company still operates at a loss that reached seven-fold in the financial year that ended in March 2019. 2. operates at a loss that reached seven-fold, Toyota Invests $400M In Autonomous Driving Startup Pony.ai, OYO Hotels will cut 5,000 jobs while Oracle slashes 1,300, The country that would be most affected by OYO's layoffs would be China and Ireland for Oracle, OYO will sack thousands of staff because it will try to cut cost and shoot for profitability while Oracle could meet revenue targets to cover its losses in its traditional licensing business. ... resulting in an indeterminate number of layoffs. 2) if the developers are busy solving support-related issues then who is going to be doing the "developing". "HP turned down the offer from Xerox, so that's done with.". Only the best leave the company. October 22 , 2020. Tenneco South Bend Plant - 350. Oracle is cutting up to 14,000 people, 10% of its staff, according to reports. Two women walks past a closed down pizza deli, Thursday, June 4, 2020, in Cleveland. The company employs 84,000 people globally. Dec 19, 2020, 05:00am EST. It was a sever Oracle Axing. Oracle primarily specializes in developing and marketing computer hardware systems and enterprise software products. Our logging platform team is gone and we're being forced to use LJ. Among the aforementioned Airbnb and Uber, many other tech companies recognize the importance of being straight with the numbers when announcing mass layoffs. It has left a ripple effect through those employees who are still employed. The company is one of the leaders in database systems and ERP products. I don’t think we’re done yet for 2019. Maritz - 107. This photo taken on November 20, 2018 shows Indian entrepreneur and founder of Oyo Rooms Ritesh Agarwal working on a computer in New Delhi. @125lGUIc-ddnw I'm not sure I can believe that, or maybe there's more to it. Dec 18, 2020, 10:26pm EST. Any news or rumors? Oracle brags about business successes but their employees haven’t had a raise in 9 years. HP Inc has announced that 9000 are being let go, and they just had a fully subscribed early retirement program, AND Xerox wants to buy them out, meaning more layoffs. In June of 2015, Oracle launched Commerce Cloud, a Software-as-a-Service tool set that solution providers could use to quickly design and deploy customized e-commerce sites for their clients. "Share any updates you may have about Oracle Layoffs 2020? Oracle declined to comment. Oracle is facing the prospect of significant layoffs in the next few weeks, according to a Wall Street analyst, as the company steps up its battle over a controversial state of California contract. Highlights & Observations from October 2020: Layoffs decreased by 49.9% — October’s reported layoffs decreased by 49.9% compared to September. Managers have been tasked with laying off 20% of sales team. Employees who are still employed right? 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