So I don't think they need to care. Even small ones should do this. The executives get sold on the dream by Oracle's sales force, but I have a feeling they're having a very hard time convincing companies to put even more of their eggs in the Oracle basket. When your product is technology, and you fire engineers, .Instead of the executives who did nothing but planned the company into a corner, risking nothing, maybe those are the people who are "not needed". Now if they enjoy those jobs as much as tech workers, that I am not sure... As the financial sector has shown, there's more money to be made shuffling virtual paper around than there is in actually making useful things. We are not responsible for them in any way. Getting off of Oracle, with all its SQL customizations, is very expensive and time consuming. The early layoffs indicate the coronavirus is triggering a rapid turnaround in an American economy that weeks ago looked strong, with unemployment at a half-century low. If I could produce enough that is. Unemployment continues to rampage on through the pandemic and is “extremely elevated,” says Blerina Uruci, an economist with Barclays. He head hunted me before I was laid off. The fact that the new House bill — written by Democrats — for a new relief package is called the Heroes Act already sets the table for blaming the Republicans on not standing by doctors and nurses, who have been deemed war-like heroes since the lockdowns began in March. Regardless, I await confirmation that the main cuts were in their cloud operations. they're handling it absolutely in the worst possible way. Irvine. (I work in a different group and my teams mates spread from California to London plus a couple more in India.). 20007? . Oracle is firing numerous employees, mostly from its hardware SPARC division. © 2020 Forbes Media LLC. That way metric were always fine. Brings tears to one's dry eyes . Doesn't follow the herd. Neither is spending billions on stock buy backs to keep the price up. He has eradicated zero diseases, at least in part because some governments won't deal with him, because you have to agree to strong IP law protection for pharmaceutical companies in order to get medical aid. A sign announces the closure of the Massachusetts Unemployment Office, Saturday, May 9, 2020, in ... [+] Boston. I've worked at Oracle Engineering (in the middleware division), and there was lot's of unnecessary and incompetent engineers. Business jobs: Bad shot at a VP job making high 6 figures. . (AP Photo/Susan Montoya Bryan). End game for Oracle is to only employ lawyers and salesmen. Powell said today the Fed can lend money to solvent companies to help carry them through the crisis but that a longer downturn would likely bankrupt some previously healthy companies without more help from the government. Jobs and money are means to that end. Dont know where—we're spread out globally. . I guess the American people were lied to one more time...and believed it one more time. (AP Photo/Michael Dwyer). Giving people a "heads-up" means you have people on payroll for weeks or months that know they are being cut, are not doing much useful work, and are dragging down morale. Just for his boat! The best people, the ones who accomplish the most, often upset management and have their best projects set aside in a layoff. Find the Oracle Orlando address. (And there are numerous ways to get your money back out of a charitable trust.) I know people in the Montreal group that have been affected. "Seeing the deadwood around you get flushed" often has little to do with layoffs. 12.00 noon, working and the new place. The managers prefer foreigners, whom the lawyers at Oracle help to get H-1B visas. Route 66 in El Reno. Bill Gates is pretty warm and fuzzy these days. One VP there has had his manager teams' constituents affected. Contractually, as per employee handbook, I'm legally required to do so. 2. This is much harder than swapping Linux for Solaris. This makes things really worse, so finally the board of directors fires existing management and brings in new management, but by that time the situation is so bad that the n. More succinctly, first they downsize, then they rightsize, finally they capsize. I'm not even sure how they handled it in this case. According to a report [usatoday.com] by USA Today, Oracle has a history of discriminating against job applicants who are American citizens. If they cannot get. We all know it's coming and nobody's doing a damn thing to stop it. who was that? The cuts will be "across all areas" of Halliburton's operations, officials said. It's all people — and some of the people at Oracle are scum. SIRI Been in that company nearly 22 years and I've gone through (/survived) *many* restructuring operation (more than 10). How Is Computer Programming Different Today Than 20 Years Ago. Do the Green New Deal, not for the "Green" part but for the "New Deal" part. 2020-Nov-30 6:45 ... some American companies have set up shop in Kitchener, such as Oracle and Google. But think of if the government had been directing the construction. I dont think this has anything to do with recession planning. It is bad. In my case I survived the worst of it but my salary bubbled to the top and I got caught in a 15% cost cutting layoff along with several of the best engineers in the company. I've been in the IT business for over 20 years. First layoff does not achieve those goals and usually takes the organization in the opposite direction, so existing management panics and does a second round of layoffs (actually touching a few of their friends). I remember when I was finishing at my state college way back in '91 and learning programming was all the rage. I was under the impression it was a real thing, constructed around market reporting times so that the 'pre arranged' trades of execs line up with positive stock responses to events. Yep. My work has appeared in The Boston Globe, The Nation, Salon and USA Today. Don't ask numbers, I dont have em. The Fine Print: The following comments are owned by whoever posted them. Original story continues: In a letter to California's employment regulator Oracle wrote that the company is: "reevaluating its product focus and skill set gaps, and for these reasons, has decided to lay off certain employees in the Product Development organization.It is anticipated that these layoffs will be permanent." I like to think of it as: 'drawing the magic cost cutting sword from the stone of greed'. He doesn't care if parts of tbe US are effectively akin to an u der developed, third world, country, he cares about showing off by exploiting one to "try" to help the other. If a product line is being ended, it is silly to keep people around with no useful work to do. That's "long term" by corporate standards. There's no better place to jump-start your career than Oracle. THAT, was by far, the worse I have witnessed. Login | The layoffs will represent 6. The improvement in the quality of life is the ultimate end goal. Both are important. You underestimate the control they still have. Gotta pump those usage figures! Engineers who work for companies like Oracle and Facebook should understand that their salary literally comes from doing evil in the world. There would be great demand for that and that would create wealth. When I was younger, I … . Since then he's spent his money spreading Big Pharma's chosen IP laws around the globe, and on "improving" education in ways that actual educators (and those who study education) say actually harms education. Obligatory "this is my opinion" thing and "I dont speak for Oracle". Well, I can't speak for Oracle (where I am currently employed), and even if I knew the process I don't think I'd want to share it in a public venue. The Nation, Salon and USA Today. Mafia? 3. Disproprotionate Impact on American Citizens? After months of anecdotal reports and anticipation of a much-larger workforce reduction at the software giant, Oracle disclosed a … But neither of them are CEOs of those companies. EditorDavid. Browse jobs and read about the Oracle Orlando location with content posted anonymously by Oracle employees in Orlando, FL. That's quite a talent. Can't agree with that. Point it at m.slashdot.org and keep reading! This... — read more Without JavaScript enabled, you might want to turn on Classic Discussion System in your preferences instead. Firstly, You need to question yourself and get answers for the following : 1. Maybe Larry needs to gas up the yacht. 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. Then he moved his ill-gotten gains into the Bill & Melinda Gates foundation, where they can't be taxed. Comments owned by the poster. ... USA, Germany and Japan. I really hate to burst your bubble but you have zero idea what you are talking about. Occasional BBC guest. [geekwire.com] Think about it: who in the world could confront Bill Gates over any substantive Microsoft issue (for example, CEO succession) without being summarily evicted from any relationship with Microsoft? If they are truly letting a large number of engineering staff go, it's a sign of further impending change. You need to have the right look, be good with people, know the right people, etc. It always sucks to lose your job unexpectedly, but on the other hand, maybe this is a good opportunity to find a more ethical employer that isn't a negative influence on the entire industry. the entire economy is prepping for recession. “The question is what shape can this recovery take,” says Sebastien Galy, senior macro strategist for Nordea Asset Management in Luxembourg. Mr. Instead companies are slashing staff so they can use the money for buy backs to boost their stock when it hits so the CEOs don't take a pay cut. What seems to be the difference is they're handling it absolutely in the worst possible way, for no reason kicking people out on the spot instead of relying on attrition, early retirements or at least providing a reasonable heads-up to those affected. 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. "If you become a programmer you'll be set for life. Fifty in … Are you eagerness and attitude to learn on your own? But when our startup was acquired, they did the "everyone in this room still has a job" thing. Open Enrollment. Suns become Oracles, Oracles become Supernovae, spreading new engineering to the galaxy. December 15, 2020 Mrs. Virginia M. Rometty c/o IBM Corporation New Orchard Road Armonk, NY 10576 Dear Ginni, Your retirement from IBM comes with much admiration and appreciation for your 39 years of distinguished service to IBM. The uncertain shape of the recovery — V, U or now a Swoosh — is still being debated by investors and will continue until there are more states opening their doors without signs of a serious second wave of infections. Are you doing the job for which you were hired? U.S. Benefits Overview. because Stalin and Mao weren't socialists, they were fascists. With that said, it was a 1% workforce cut. How many people to crew the yacht? The layoffs won’t stop so long as the richest corners of America — the northeast corridor — is on lockdown. I've spent 20 years as a reporter for the best in the business, including as a Brazil-based staffer for WSJ. Load Error If no one wants them, they're worthless. Oracle "swung the layoff axe" Thursday, reports IEEE Spectrum, saying that the move "clear-cut teams of engineers." Trademarks property of their respective owners. Corporations are legal fictions. ... 2020 in New York. Sole suggested that government intervention was possible, noting that the five biggest department stores in the United States accounted for $78 billion in … Little to no transparency from the top. 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