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Oracle slashes 30k jobs
- dolphinscorpion 6mo agoUnless you're being offered a very good package, any firing email is cold. Let's be honest
- SoftTalker 6mo agoThere's no real way to sugar-coat losing your job. I think an email is as good as anything. Ensures everyone gets the same message at the same time.
- Quarrelsome 6mo agoI think its very impolite to not do it face-to-face.
- toast0 6mo agoWhat time is a good time for everyone to show up for a face-to-face layoff meeting for a global company? If you don't do it simultaneously, you're going to hear by rumor rather than by official email, which is IMHO worse. If you do it simultaneously, everyone will know something is up, because there's never simultaneous global meetings.
- Quarrelsome 6mo agothe practicalities of the issue don't stop it from being impolite.
- HelloMcFly 6mo agoThere is no perfect or right way to do this. Every approach will have criticism (and not every approach is equal), and different people will appreciate different things about the trade-offs. Is it polite to let people stew for hours, or days, as virtual meetings spread across the company to convey the news in person? It is polite to schedule those meetings all at once with the implications clear - how is that any different than just confirming it an email? Is that better or worse than scheduling such calls with short notice, so that every employee must wonder for days (maybe weeks, depending on staffing and leverage model) whether they still have a job, when that information could have been communicated immediately to allow for immediate preparations? You and I as senior managers might both apply the golden rule in this situation, but that could lead to different decisions.
- Quarrelsome 6mo agoYou're just making excuses for them. The approach they chose was rude and cowardly. Even within this cowardice, further cowardice shows, with the email being sent from no specific individual but simply an amorphous "Oracle Leadership". Oracle as a company are cowardly and rude and the practicalities are simply an excuse. There's clearly one "better way" which is to put a name at the end of the email, for perhaps Larry himself to take responsibility as he should. If anything the practicalities show how arbitrary the decision was. Checking the Oracle subreddit we got people with "exceeds expectations" as their average still getting culled. It would appear how they decided upon the cuts reflects on how they have performed them. With all the sophistication of a child in a candy shop trying to buy more candy than their piggy bank can afford and then just dropping the excess on the floor, walking away and trying to forget that it ever happened.
- HelloMcFly 6mo ago> You're just making excuses for them. I am communicating my own sincerely held belief on general practices with large-scale layoffs, and my sincere disagreement with the black-and-white declarative than a mass email is definitely worse than individual conversations. Reasonable people can disagree. I am not evaluating the full list of circumstances in this specific situation as I wouldn't be able to even if I were interested in doing so. If we were taking wagers, I'd wager my opinion of the Ellisons is at least as negative as yours independent of anything to do with this story. > There's clearly one "better way" which is to put a name at the end of the email, for perhaps Larry himself to take responsibility as he should. Completely agree with that, though ultimately it should be many names, not just one.
- 01284a7e 6mo agoI'm sorry but you work at Oracle. Terrible people. Very rude people. You should expect it.
- Quarrelsome 6mo agoI don't, so I can still call how they do things: rude.
- lokar 6mo agoI agree. But, IMO it's what you should expect going to work for a giant company. It's a machine, it does not care about you. Some of the people will care about you, but often their influence is quite limited. It's important to understand this at the start.
- Waterluvian 6mo agoWhatever you do, do not ever book a 1:1 meeting on a Friday afternoon for Monday morning titled, "The Future."
- thinkingtoilet 6mo agoI had to let an employee go because he didn't do any work, took forever to respond to chats (in a remote position), and was always late for meetings. I scheduled the 4pm Friday meeting to let him go. He was 15 minutes late.
- iwontberude 6mo agoSounds like me on site, ADHD is a bitch, people probably think I don’t anything too.
- Waterluvian 6mo agoI've found that there can be a chasm between "what people think I do" and "what I actually do." But also, there can be a chasm between "what I think I do" and "what I actually do." If the system in which you operate does not attempt to measure this, I think it's worth it for anyone to measure it themselves. We can so easily be overconfident or underconfident. Collect the data and see the kinds of things you've actually been accomplishing over a year. I'll feel like I'm getting nothing done, and then I look at the year's changelogs and realize I'm actually doing just fine for where I want to be.
- troyvit 6mo agoI think the headline is not the best headline, but what it meant by "cold" is that there was no advance warning. So like cold-calling somebody, but to fire them, and an email instead.
- 0cf8612b2e1e 6mo agoWhich 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!
- secstate 6mo agoAt-will employment is hard. Honestly, if you aren't planning to lose your job tomorrow when your at-will, you're not being honest with yourself. I wish it were different, but outside a union contract or some other fairly well-combed over business contract, you should not assume you will get paid tomorrow.
- WalterBright 6mo agoThe best strategy is to save up at least 6 months of runway.
- bombcar 6mo agoThis is the real underlying story, and it may be unfair to expect people to "do this on their own" but in the USA, you really need to do this on your own.
- s3p 6mo agoI'd prefer this honestly. Would take 1-2 weeks to start updating my resume and listing out all accomplishments, relevant projects, etc.
- ahtihn 6mo ago
- Gualdrapo 6mo agoAnd traceability. In a 1:1 meeting you could fire me and say a gazillion things and I'd forget 99.9% of them.
- SoftTalker 6mo agoOr, with emotions flaring, could say something that becomes grounds for a wrongful termination or discrimination claim.
- epolanski 6mo agoEven if you're being offered a very good package, being fired, regardless of how, is cold.
- ghaff 6mo agoDepends on the circumstances. There are people who are ready to go any the time of a layoff if the terms are right.
- lateforwork 6mo agoWhat is the alternative? Have 30,000 meetings? How long will that take?
- Barbing 6mo agoCan you imagine a company spending a long time on meetings?!
- zerr 6mo ago6+ months' notice with a severance package equal to at least an annual salary.
- dpark 6mo agoWhy would you give someone 6 months notice? What good is that for the employee? Especially if the severance is generous. “Hey, we’re going to fire you in 6 months. Just a heads up.” Nah. Give me the year of salary and send me home today. Better for the employee and for the company than pointlessly dragging it out. Again, this is assuming generous severance.
- zerr 6mo agoJob hunting takes time. Also, they won't be deported in 30 days, along with their families.
- dpark 6mo agoI can do a lot of job hunting with a year of severance. Valid point about employees on visas though.
- HomeDeLaPot 6mo agoMaybe they could be kept on the payroll without access to actually work. But the real problem is any law that would deport someone 30 days after they were laid off, even if they had been working for years. That should be 6 months minimum.
- yodsanklai 6mo agoIn the US, different countries have processes more favorable to employees.
- ilovefrog 6mo agoIt's crazy to me that companies are allowed to do this, given that staff are generally expected to be accommodating and give notice when they quit.
- OkayPhysicist 6mo agoExpected, yes, required, not at all. It is completely legal to just stop showing up one day.
- bombcar 6mo agoYou also don't have to give back 6-12 weeks of pay when you give your 2 weeks notice.
- sys_64738 6mo agoIn the US you can simply stop going to a job. No need to tell anybody.
- paxys 6mo agoIt's a trash source. No one has confirmed 30k job cuts. They just made it up.
- intexpress 6mo agoUsually the big tech companies leak the layoff numbers to the press themselves
- paxys 6mo agorollingout.com is a clickbait site. Companies aren't leaking info to them.
- intexpress 6mo agoYahoo reported the same 30,000 number in February https://finance.yahoo.com/news/oracle-may-slash-30-000-114418881.html https://finance.yahoo.com/news/oracle-may-slash-30-000-11441...
- intrasight 6mo agoI went looking and have to agree. There's no legit news source with any real numbers. Perhaps this will be higher than the standard 10% cull, but I suspect not that much higher.
- mindracer 6mo agohttps://thenextweb.com/news/oracle-layoffs-march-2026 https://thenextweb.com/news/oracle-layoffs-march-2026
- kwanbix 6mo agoThose super yatchs of larry have to be paid somewhow.
- newsoftheday 6mo ago[flagged]
- modo_mario 6mo agoWhat brought you to make that comment?
- geon 6mo agoWhere did he say he's not worried about other billionaires?
- newsoftheday 6mo agoWhere did he say that he is, that's the point. Otherwise their comment is disingenuous at best or engineered to be divisive against Oracle at worst.
- wiseowise 6mo ago> at best or engineered to be divisive against Oracle at worst. Oracle can go suck donkey balls for all I care, is this divisive enough for you?
- scrollop 6mo agoYou want every discussion about one billionaire to be about all of them? And you want to generalise this to every topic?
- deleted 6mo ago[deleted]
- deleted 6mo ago[deleted]
- dafelst 6mo agoMore victims of AI. Not actually of "AI is replacing jobs", more "oh shit we are spending too much and the product isn't good enough for us to ever make a return on our absurd over-investment".
- deleted 6mo ago[deleted]
- consp 6mo ago"Oracle leadership" sounds like nobody wants to take responsibility but they do like the share price to go up so say good bye to [auto generated name in header]'s job.
- progbits 6mo agoStock barely moved after this news. Would be surprised if it isn't below 100 by H2.
- muskstinks 6mo agoI don't think its that easy. Look at their employee numbers over the years: (ai generated): Oracle Corporation Employee Count (2010 - 2025) Legend: Each '' represents approximately 4,000 employees. Year | Employees ------------------------------------------------------------------ 2010 | (105,000) 2011 | (108,000) 2012 | (115,000) 2013 | (120,000) 2014 | (122,000) 2015 | (132,000) 2016 | (136,000) 2017 | (138,000) 2018 | (137,000) 2019 | (136,000) 2020 | (135,000) 2021 | (132,000) 2022 | (143,000) 2023 | (164,000) 2024 | (159,000) 2025 | (162,000) Note: Oracle's fiscal reporting for the full year 2025 ended on May 31, 2025. They clearly did something crazy at corona and undoing this as a lot of companies did before already.
- jimbokun 6mo agoSo they are returning to 2015 headcount. (EDIT: or 2021)
- perching_aix 6mo ago
- 2OEH8eoCRo0 6mo agoImagine slashing 30,000 jobs for a measly 2% share price bump.
- TwoNineA 6mo ago> Imagine slashing 30,000 jobs for a measly 2% share price bump. One lost job is a tragedy. 30,000 jobs lost is statistics.
- 2OEH8eoCRo0 6mo agoThese 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.
- throwaway613746 6mo ago[dead]
- kjksf 6mo agoThere's an argument to be made about bad incentives driving large public companies. But it's way less satisfying that emotional appeals. The base of your statement is just wrong. A company is a legal fiction. It doesn't have thoughts, wants, desires. It's not rich or poor. It's a piece of paper. It's an entry in government database. What is not a fiction is Oracle's owners i.e. shareholders. They are not rich. Majority of them, either direct owner of stock or in-direct owners via pension plans etc. are like you and me. They are not rich and the price of Oracle shares can be a difference between them being able to pay rent today or being able to retire tomorrow. Those people rightfully care about the share price. The executive are correctly responding to wishes of owners of the company by managing it to make a profit and therefore keep the stock price high. What in the above chain do you find objectionable? That millions of Americans investing in public companies depend on and therefore care about stock price? That management of public companies is correctly responding to demands of owners of those companies by managing companies for profit? Or maybe you just want to skip to the end of the line and seize means of production from private citizens to bask in the warm glow of collectivism?
- codemog 6mo agoDon’t work for evil companies.
- liveoneggs 6mo agoyour local food bank only has so many open positions
- troyvit 6mo agoThe more people who believe this, the easier it is for me to find a job at a place I respect, so thank you.
- newsoftheday 6mo agoList successful companies you would not define as evil.
- fsflover 6mo agoPine64. ("Successful" doesn't have to mean "a megacorp".)
- jjice 6mo agoCostco maybe?
- mirekrusin 6mo ago37signals, vanguard, costco, proton, fastmail, mullvad vpn, framework, automattic, valve, patagonia, lego, linear, hetzner, tarsnap, ...
- antonymoose 6mo agoValve has been making money hand over fist by getting kids addicted to gambling…
- throwaway85825 6mo ago
- bix6 6mo agoIt feels like Oracle has made some massive strategic missteps in the past year. I’m curious if they can turn it around.
- newsoftheday 6mo agoWhat "massive strategic missteps"? They continue to attract cloud customers coming from Amazon, Google and Microsoft.
- raw_anon_1111 6mo agoCitations?
- newsoftheday 6mo agoI used Google Gemini to confirm before I posted my comment. You're welcome to do the same.
- raw_anon_1111 6mo ago“I used AI to confirm what I said” is not exactly the great comeback you think it is…
- bombcar 6mo agoI will wait for Netcraft to confirm.
- newsoftheday 6mo agoIt wasn't a comeback, it was a truthful answer to your question.
- deleted 6mo ago[deleted]
- 6mo ago
- nobody_r_knows 6mo ago[dead]
- baal80spam 6mo agoLet's not forget that ORACLE is actually an acronym.
- dryarzeg 6mo ago"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 : )
- NickC25 6mo agothis 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.
- Quarrelsome 6mo agoLet us not forget the poor Nasser, whose username when combined with the Scunthorpe problem becomes N***er. Text censorship is not always a win.
- dryarzeg 6mo ago> at your local mormon temple Sounds like a kind of insult to me. I'm not related to them in any way. And, to be honest, I'm just trying to kind of follow the guidelines. There's too much of bad news and negativity around me, I'm fed with it already, thanks. I want to have fun if it's possible.
- dryarzeg 6mo agoAm I the only one who, when they see this, feels that it's already tough for Oracle and that many companies betting on "AI" have finally understood the real risks involved, and that they risk simply failing? I mean, if Oracle is doing that, they're clearly having some problems. I don't know how to properly express that (I'm sorry, I'm not very fluent with English), but for me it seems as some kind of signal of potential start of the downfall. It's like they stepped on the path that leads them to fall, and while they still can change it, if they don't, they're doomed.
- alephnerd 6mo ago> feels that it's already tough for Oracle and that many companies betting on AI have finally understood the real risks involved This has nothing to do with AI, whose capex largely falls under Oracle Cloud. The main teams hit - RHS, SVOS, and NetSuite India - are associated with Cerner and NetSuite, both of which are the kinds of legacy SaaS apps that are most likely to see reduced spend in the world today - it's cheaper to hire Accenture/PWC/Deloitte or WITCH combined with Anthropic or OpenAI to build and manage your own custom in-house or use that threat to purchase an actual market leader in those categories like Veeva or SAP respectively.
- dryarzeg 6mo ago> The main teams hit - RHS, SVOS, and NetSuite India - are associated with Cerner and NetSuite, both of which can serve to reduce some fat. > reduce some fat Yes, but, well... why do they need to do that at all? I mean, what made them make this decision right now? I think it was mentioned in the article - they're in debt because of their AI data centers projects: > Oracle has taken on $58 billion in new debt within just two months. Although... > All of this is happening even as the company posted a 95% jump in net income — reaching $6.13 billion — last quarter. Still, > According to analysis from TD Cowen, the job cuts are expected to free up between $8 billion and $10 billion in cash flow — money the company urgently needs to fund a massive buildout of AI data centers. And they need a lot of resources to fund that, because: > Oracle to Invest U.S. $2 Billion in AI and Cloud Infrastructure in Germany (2025) [1] > Oracle unveils $10B data center expansion plan (plans for 2025) [2] While they're having some problems now: > Oracle and OpenAI End Plans to Expand Flagship Data Center (Bloomberg) [3] It's just a few examples; I'm sure if you will dig deeper you will find more. Some sources suggest that "Oracle plans to invest up to $50 billion in 2026 to expand its AI data center infrastructure", but I'm not sure if it's true and if you can trust them, so I'll leave it there. They're trying to optimize because they're in debt, and still they seem to expand that debt even more. [1] https://www.oracle.com/news/announcement/oracle-invests-two-billion-dollars-in-ai-and-cloud-infrastructure-2025-07-15/ https://www.oracle.com/news/announcement/oracle-invests-two-... [2] https://www.channeldive.com/news/oracle-capex-spike-cloud-ai-data-center/807716/ https://www.channeldive.com/news/oracle-capex-spike-cloud-ai... [3] https://www.bloomberg.com/news/articles/2026-03-06/oracle-and-openai-end-plans-to-expand-flagship-data-center https://www.bloomberg.com/news/articles/2026-03-06/oracle-an...
- neya 6mo agoEvery other company sends out cold emails to prospects outside of the company, but Oracle is the only company to send out cold emails to their own employees. Gotta give it to them...
- quelsolaar 6mo agoDo not make the mistake of anthropomorphising Larry Ellison.
- deleted 6mo ago[deleted]
- bombcar 6mo agoThe lawnmower does not have feedback, it does not stop just because it encounters human flesh.
- keeganpoppen 6mo agooh my god… we thought anthropomorphizing “the computer”, was the problem, when it was anthropomorphizing the principals all along… (yes, i know that is the joke you made, but it was so incredibly appropos that i felt the need to comment to register my amusement / sadness / ¿)
- razingeden 6mo agolawnmower don’t give a fuuuuuck
- doublerabbit 6mo ago[flagged]
- deleted 6mo ago[deleted]
- bcantrill 6mo agoI do take a perverse kind of pride that this can now be said without any explicit reference -- and everyone knows you're talking about the lawnmower.
- secstate 6mo agoOutside of 90s television, this might be the most universal reference I have in my life.
- NickC25 6mo ago[flagged]
- thiago_fm 6mo agoIt's still a company worth $400B that makes $3B of profits and not even $20B of revenue. And full of debt from AI datacenters full of hardware with a 6 year depreciation cycle, possibly even lower depending on what NVidia releases next. So overvalued!
- strongpigeon 6mo agoOracle has >$60B in revenue and $16B in net income. It doesn’t seem crazily overvalued to me? Perhaps you were looking at quarterly statements? https://finance.yahoo.com/quote/ORCL/financials/ https://finance.yahoo.com/quote/ORCL/financials/
- thiago_fm 5mo agoIt is very, of course, if you compare it to Tesla, anything can look good. But if you compare to other companies with similar rev/profit numbers, you'll be amazed with how cheap they are. I don't believe Oracle has a wide moat other than its DB -- the Datacenters are mostly commodity.
- danny_codes 6mo agoYeah plenty of suckers are trapped by Ellison’s downward facing grass cutting blades. It’s a sad state of affairs. I mean Postgres is right over there!
- rvz 6mo agoThis is AGI.
- renegade-otter 6mo agoThat CapEx must be really out of control. Soon enough they will be left with 200 data centers and 300 poor bastard running the ship.
- strongpigeon 6mo agoTheir free cash flows turned negative for the for the first time in forever.
- oblio 6mo agoNo way this will end badly, when Alphabet (!!!) had to issue bonds for the first time in its history. In 2 years' time we will look back fondly at the Global Financial Crisis.
- xvxvx 6mo agoAnytime there are mass layoffs like this, I like to look at the company career page and revel in the HR horseshit they jam down everyone’s throats: https://www.oracle.com/careers/ https://www.oracle.com/careers/
- steve_adams_86 6mo agoThis one is so over the top, it begins to verge on satire.
- shmerl 6mo ago> The layoffs are directly tied to Oracle’s aggressive and debt-heavy expansion into artificial intelligence infrastructure. The actual culprit.
- gethly 6mo agocompanies overhired when money was cheap during covid to inflate their numbers and push their marketcap. since cheap money is gone, they have no incentive to keep the workforce. this has nothing to do with AI.
- chekibreki 6mo agoFull text of e-mail: We are sharing some difficult news regarding your position. After careful consideration of Oracle’s current business needs, we have made the decision to eliminate your role as part of a broader organizational change. As a result, today is your last working day. We are grateful for your dedication, hard work, and the impact you have made during your time with us. After signing your termination paperwork, you will be eligible to receive a severance package subject to the terms and conditions of the severance plan. You will receive an email from DocuSign to your Oracle email address with details on your severance and termination date. Immediate Action Required To receive important follow-up information, including FAQs and separation documents to help you through this transition, you must provide a personal email address. Please click here to submit a personal email address immediately. If you make a submission error, please re-submit a new form. Please Note: The personal email address will only be used for correspondence regarding separation-related information and severance agreements. Access to your computer, email, voicemail, and files will be deactivated soon, and you will be unable to log into your computer. As a reminder, you are prohibited from downloading, copying or retaining (including emailing yourself) any Oracle confidential information. Thank you for your contributions to our organization. If you have additional questions, please reach out to the HR team via the Ask HR page or at (888) 404-2494. Oracle Leadership Source: https://www.reddit.com/r/employeesOfOracle/comments/1s8jadx/hlgiu_ic1_5_years_layoff/ https://www.reddit.com/r/employeesOfOracle/comments/1s8jadx/...
- rossant 6mo ago"eliminate". Right.
- niek_pas 6mo ago> As a result, today is your last working day. As a European, I never realized that this is allowed under US labor law. That is absolutely insane. EDIT: some commentors have pointed out that the workers collect severance and unemployment --- I was not aware this is law in California, and that changes matters. I would, though, still find being suddenly out of a job fairly traumatic.
- 6mo ago
- thomasgeelens 6mo agoEvery time I think: "do I live in a dystopia yet?" I get confirmation with these messages.
- asah 6mo ago"cold" is redundant/implied for Oracle.
- dominotw 6mo agonot any colder than any other company. spotify did the same to me.
- WhereIsTheTruth 6mo agoBillions of dollars, yet not for thee The game where you, the people, will always be the loser
- bux93 6mo ago"Any unvested restricted stock units, however, were forfeited immediately." wow.
- samuelknight 6mo agoThis is standard in every tech RSU vest schedule I have seen.
- iamjake648 6mo agoYes, 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.
- Aurornis 6mo agoI'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.
- dtdynasty 6mo agoIsn't this normal? I thought that's how it typically works when an employee leaves a company with any method.
- jvuygbbkuurx 6mo agoThat's what the contract would typically say. But it's not uncommon to have accelerated vesting either when parting on good terms or with severance.
- tmoertel 6mo agoWhen laying people off, better companies will often accelerate vesting so that the departing employees get additional stock. For example, Google does this: We’ll also offer a severance package starting at 16 weeks salary plus two weeks for every additional year at Google, and accelerate at least 16 weeks of GSU vesting. https://blog.google/company-news/inside-google/message-ceo/january-update/ https://blog.google/company-news/inside-google/message-ceo/j...
- throwaway85825 6mo agoHow can we teach customers to never ever do business with oracle?
- passive 6mo agoSo Ellison's big investors wouldn't back his ridiculous (-Disney) Warner Bros bid without him juicing the performance of Oracle in this way? (thanks for the reply correcting the company)
- josefritzishere 6mo agoIt's almost like Larry Ellison is a bad CTO and needs to step down.
- kyledrake 6mo agoThe 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, and I've never started a fresh project in Java, which they used to drive a lawsuit they had with Google). From my chair, they make an expensive database they try to sell to golf executives. There are innumerable equal (better?), free alternatives, and most startups are founded by broke coders in bedrooms that choose those instead and stick with the devil they know. And they have an un-competitive cloud service? Enlighten me on what I would use Oracle for, I'm genuinely curious.
- Hizonner 6mo agoThey make a lot of money off of the cloud services and their layered "enterprise" applications. Selling "just the database" isn't what Oracle's been about for a very long time.
- diogomqbm 6mo agoi know they're also one of the AI data center providers of this era. Making partnerships with NVIDIA and helping GPUs get to market.
- DetroitThrow 6mo agoWell, if you're an elected official, and you're in charge of government organizations that could be used to enrich billionaire donors by using a donor's services - Oracle fits that niche very well!
- jeffbee 6mo agoOracle has made a large bet on being a cloud, but nobody wants their terrible cloud, which is reflected in their dollar-store prices. They staffed up and built facilities that they can't sell so I am not surprised they are now swinging the axe.
- 6mo ago
- sublinear 6mo agoWhy doesn't anyone ever mention project stargate when discussing these financial struggles of Oracle and OpenAI? That's your answer.
- diehunde 6mo agoCould this be the start of the AI bubble bursting? There are so many rumors going around about data centers not being built, GPUs waiting to be installed, debt, and much more. Crazy times.
- MattDamonSpace 6mo agoThere is no bubble
- diehunde 6mo agoLove the confidence. The logic can catch up later.
- zarzavat 6mo agoThe automobile bubble has lasted longer than expected but the horses are sure to get their jobs back soon.
- diehunde 6mo agoAt least you didn't go with electricity or the internet. Respect.
- randomNumber7 6mo agoWhen everyone says it is a bubble it's very likely not a bubble. Also LLMs have a lot of value because it is a way to steal intellectual property without anyone beeing able to do s.th. about it.
- diehunde 6mo agoWell clearly not everyone is saying it's a bubble (you maybe?) so I don't know where that leaves us. Also, IIRC there are massive lawsuits underway so there's definitely people doing s.th. about it
- 6mo ago
- nunez 6mo agoDisgusting.
- 10ca1d1me 6mo agoCome work for me instead!
- yieldcrv 6mo agoan unceremonious email blast is more than I expected from Oracle
- kleiba 6mo agoBetween employers and employees, loyalty is only expected one way.
- sneak 6mo agoNot really. You can quit at any time, too. A job today isn’t (and shouldn’t be) any guarantee of a job tomorrow.
- wiseowise 6mo ago> A job today isn’t (and shouldn’t be) any guarantee of a job tomorrow. Also relationships, kids and stability. Spend all your life in perpetual anxiety, rent all your life, you will own nothing and be happy! Also, here’s a bowl of insect protein while we’re at it.
- sneak 6mo agoYou can quit your relationships at any time, too. That's a fundamental tenet of our society - consent to an interaction between free people can be withdrawn at any moment for any reason. That's not perpetual anxiety - that's the way things work today, and the way things have worked for generations. Anyone pretending otherwise is fooling themselves with lies.
- HomeDeLaPot 6mo agoYou want the government to force employers to provide a social safety net rather than the government providing it directly? The problem isn't that people can be fired, it's that their food, housing, and medical care are all dependent on or provided through their employer.
- amelius 6mo agoWith those software engineers gone, they can now return to their core business: suing people.
- vincentastral 6mo agoWarren's inquiry into meta, amazon layoffs would probably be a warning sign that all the large tech companies are up to no good. Anybody who operates tiktok is on my suspicion short list to start out with.
- deleted 6mo ago[deleted]
- lenerdenator 6mo ago> RHS (Revenue and Health Sciences) — employees described a reduction in force of at least 30%, with 16 or more engineers from individual business units cut in a single action. Hm. So, likely old Cerner operations. Y'know, the ones that keep EMR systems running. Ol' Larry just doesn't see the value proposition in making sure that your health information is accurate. As a side, the fact that you can just slash someone's job without any warning needs to be addressed by law.
- butterlesstoast 6mo agoIf it's anything like the layoffs I went through at my company, it's always nuanced. Lots of talented hard working engineers are laid off at the same time that they lay off people just checking Slack on their phone on the plane to avoid taking PTO. Reading the r/employeesOfOracle is a bit gutting. Hoping for the best for the people. Don't really care much for Oracle; especially their business model.
- jedberg 6mo agoMy Amazon layoff notice came at 5am. Same deal. I thought it was fake because it came to my personal email. Then I logged into my work computer and found that all my email had been erased except for a copy of the layoff notice and an invite to a 10am Zoom with HR. The funny part was the invite had everyone who had been laid off in the To: line. I was able to send internal only emails until 1pm, and then it logged me off and the computer was a brick.
- jimkleiber 6mo agoI'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.
- asdff 6mo agoCompany still has no sense that them shaving 1% of their bottom line means shaving 100% of the bottom line of some of their dedicated staff.
- ponector 6mo agoThis is American way. There are no people, only resources.
- guerrilla 6mo agoLiterally, "Human Resources". Such a disgusting phrase.
- throwawayq3423 6mo agoHonest question, why would they care?
- danmaz74 6mo agoFor the morale of remaining employees?
- fredgrott 6mo agoContext of scale.... They took on 58billion in debt which halved their stock price... Expected savings is only 8Billion What you are seeing is Oracle in death pains..... If you or the org you are working for uses Oracle products fast find a way to migrate away from Oracle as it will cease to exist in 2027 at this rate.
- ozzafar 6mo agoJava isn't really uncommon
- wnevets 6mo agoVery often people will defend these kind of layouts as the result of overhiring but then shouldn't the leadership that over hired 30K people also be held accountable?
- jaccola 6mo agoI think this sucks for the people being laid off but what exactly should they be held accountable for? It's not like over-hiring or laying people off is a crime. The employees presumably knew the deal going in (that they could be laid off). They got compensated for the time they worked. No one owed them a job at Oracle in the first place. (Again, not to diminish how bad it feels / shocking it can be to be laid off!)
- wnevets 6mo ago> but what exactly should they be held accountable for? For over hiring 30K people.
- asdff 6mo ago>I think this sucks for the people being laid off but what exactly should they be held accountable for? They literally failed at their job. Came up with a 30k headcount budget shortfall. If I did something like that I'd certainly be fired.
- dominotw 6mo agomaking wrong decisions at work has no consequences for you? where do you work?
- HDThoreaun 6mo agoTech shareholders want executives to take risks building new products. Of course they’d prefer the products be successful but if the options are “hire 30k people 50% chance we have to lay them all off” or “don’t build new products” most tech shareholders want option 1.
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- goworm 6mo ago[dead]
- lucasay 6mo ago[dead]
- bipinrimal1 6mo agoDoes everyone at this point wonder, when is it going to be my time next at the company?
- rishabhaiover 6mo agoI find it bizarre than no one here seems to be commenting on the insane amount of capex redirected towards AI infrastructure build out as a reason for such decisions. I only hear bad product or covid over hiring but they seem like cope to my cynical mind.
- micromacrofoot 6mo agoopen ai sitll pouring money into oracle btw
- giancarlostoro 6mo agoI've heard of people working there that has cozy, low effort jobs, I'm not surprised. More surprised if took them this long.
- baggachipz 6mo agoWhat makes you sure that those are the ones laid off?
- giancarlostoro 6mo agoNot confident, but that's a good question. :)
- grossiweb 6mo agoHonestly, isnt this going to happen in every SAAS based company? My feeling is the bigger and more staff they have the more they will unload. I feel like its almost a necessity otherwise some 3-5 man team agentic first solution will just come with the same offering at 80-90% discount and eat their lunch.
- silveira 6mo agoAt least they had a decency of avoiding the ambiguity of doing this during April 1st.
- snihalani 6mo agoDo people here believe in karma? I can't empathize with these management practices.
- esaym 6mo ago> The layoffs are directly tied to Oracle’s aggressive and debt-heavy expansion into artificial intelligence infrastructure. According to analysis from TD Cowen, the job cuts are expected to free up between $8 billion and $10 billion in cash flow — money the company urgently needs to fund a massive buildout of AI data centers. Interesting that they admit that the layoff off is due to a pivot from software to hardware.
- AtlasBarfed 6mo ago30000 jobs equals 10 billion dollars? 10,000,000,000 / 30,000 = 333k per employee? I guess that tracks for a company that is 50% lawyers for suing their own customers /s
- nickvec 6mo agoAre there any serious union efforts happening in big tech right now? It’s asinine to me that tech workers haven’t unionized at this point and that folks still fall head over heel just to get a job somewhere that would dispose of you without a second thought.
- elliesson 6mo ago[flagged]
- mandeepj 6mo agoIf larry hadn't sucked dRump's c*ck that hard, he'd not be in the free downfall that he is in today. He's dismantling America brick by brick. I hope he goes bankrupt soon.
- indigodaddy 6mo agoFree up some $ for Skydance WB acquisition if needed?
- HardCodedBias 6mo agoI 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.
- fs111 6mo agoThis was leaked weeks ago https://www.livemint.com/companies/news/oracle-layoffs-tech-giant-to-slash-30-000-jobs-as-banks-pull-out-from-financing-ai-data-centres-11769996619410.html https://www.livemint.com/companies/news/oracle-layoffs-tech-...
- elzbardico 6mo agoEthical Dillemas. You found the cure of cancer. If you release it now, you'd giving back humanity millions of LifeYears, but if you release it in a few years, Larry Elison won't be able to take advantage of it. How do you proceed?
- tombert 6mo agoRelease the patent and specify a very strict "free usage for anyone not named Larry Ellison, and violators will be punished to the fullest extent of the law" clause. You'd probably get a few innocent people aren't the Larry Ellison from Oracle, but it's a start.
- keeda 6mo agoHuh, layoffs in India? That's weird, because most tech companies are freezing headcount and laying off people in the US and increasing headcount in India. I wonder if that says something about the prospects of NetSuite, which is the org they've been cut from...
- milkytron 6mo agoWhen I worked for Oracle in 2015 during my co-op there, IDC was generally just another office. NetSuite may be their focus, but I think they generally cover almost all Oracle software.
- jaygray0919 6mo agothis is the cost of getting into the movie business
- xtracto 6mo agoIs this related to the massive layoffs in the Mexico/GDL offices that happened a couple of days ago? My LinkedIn was full of people opening for work. Pretty sad.
- Jaco07 6mo agoAnother consequence of the AI boom. Not in the simplistic sense that “AI is replacing jobs,” but rather in the sense that companies are realizing they have overspent dramatically on a product that still is not strong enough to justify the scale of that investment or deliver a meaningful return.
- esaym 6mo agoPosted 23 days ago: (Oracle may slash up to 30k jobs to fund AI) https://news.ycombinator.com/item?id=47298183 https://news.ycombinator.com/item?id=47298183
- greatgib 6mo agoAt the same time I'm happy about this news for the feeling of "justice" to have people without ethic working for such a bad company getting what they deserves. And the company going down even if just a little bit. But on the other side, I'm afraid that the fired employees will go to work for other companies contaminating them with the harmful spirit against customers.
- h4kunamata 6mo agoAnd just like that, another US tech becoming a Kodak. MySQL is no longer the only choice for database, MariaDB is fully open-source. VMWare, there are far better options like Proxmox, build a Proxmox server using second hand Dell PC you find in bulk on eBay, increase the memory, add GPU passthrough and you are golden.
- xyst 6mo agoGot to pay for that awful deal to acquire Tik tok, Warner.
- burnt-resistor 6mo agoProblem part A. Working for a greedy, reckless corporation without belonging to a union and investing way too much time, effort, and emotional energy in a parasocial, dishonest, unfair, and fragile arrangement. Problem part B. Not working for a sustainable, worked-owned co-op that prioritizes authenticity, fairness, stability, worker happiness, and customer satisfaction. Such environments have extremely low turnover. The main gotcha is they generally aren't scalable beyond medium-sized organizations, but the workaround is a loose federation of a multitude of similar and complementary organizations whom band together for purchasing power, common infrastructure, standards, and process templates.
- frm88 6mo agoThere are a few to scale, like Emilia Romana (Italy, 8000 employees) or Mondragon in Spain (79K employees), unfortunately not in tech. I only know of DATEV with some 8000 employees in that sector. The co-op model in general is so very promising and those that still exist are really successful and from video documentations I watched, the employees seem to be content, if not getting rich. The problem is that this model runs counter to the very core of capitalism and as such faces a lot of criticism.
- burnt-resistor 6mo agoBecause too many people are miseducated and brainwashed to be obedient slaves rather than to respect themselves and others honesty.
- JohnTHaller 6mo agoHearing that a bunch of folks laid off were months from having their shares vest and/or about to retire.
- stodor89 6mo ago> The bulk of the comments in here are focused on comparing Larry Ellison to a lawn mower That's just mean. People need to show some respect to lawn mowers.
- aagha 6mo agoParody: https://x.com/gothburz/status/2039117279732871185 https://x.com/gothburz/status/2039117279732871185
- shivang2607 6mo agoI wonder how now one is talking about their Enterprise Products like HCM tool, SCM tool etc. Oracle provides some of the most feature rich and complex Human Resource Management (HCM) application and Supply Chain Management (SCM) appplication. Most companies which uses HCM are eventually forced to use SCM, because if any company wants to use a SCM product, they need employee management system as well, so if anyone is already using HCM they eventually also starts using SCM. and if someone who does not uses Oracle HCM but wants to use SCM product they will eventually have to shift HCM here as well.