They took it away from Support and put it in Dev. As for the early retirement, it's just a voluntary layoff, with a slightly sweeter pot offered so oldsters will volunteer. Because only a small fraction will be let go, and they're all dead wood anyway, right? China is OYO's second-biggest market, and including India, the company employs over 20,000 to 22,000 staff in both countries. Photo: CHANDAN KHANNA/AFP/Getty Images, Indian entrepreneur Ritesh Agarwal founded Oyo in 2013 and the company is now valued at $10 billion. by Joe Panettieri • Mar 4, 2020. I don’t think we’re done yet for 2019. It is hardly make sense of Oracle import client representative from Vietnam and based in Singapore since the customer are in Vietnam. ... reportedly t hrough voluntary layoffs, natural turnover and involuntary layoffs. HP is not worse, it's much better, more honesty in the management. Tableau was acquired by Salesforce in June 2019 for $15.7 billion and is now a subsidiary of the CRM and customer experience giant. 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. Will this happen to China? Oracle primarily specializes in developing and marketing computer hardware systems and enterprise software products. The company is "unable to provide details on the … Oracle's decision to sack 1,300 staff, on the other hand, is not influenced by the economic effects of COVID-19. Wouldn't it be nice if Oracle could let people honestly know when layoffs are coming or if they need to reduce headcount? If you were hired recently you are definitely history. All of cloud support? better coordination from the top management -subjective 2) if the developers are busy solving support-related issues then who is going to be doing the "developing". Monarch Beverage - 633. 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) 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. They are doing this under the disguise of Performance Plans. They are definitely not unhappy with HP. 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. And then there was MH's own reign of terror. 3. 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. Total reported layoffs — In October we recorded a total of 79,099 reported layoffs. The company is one of the leaders in database systems and ERP products. @125lGUIc-cwzb, it's true, they moved support for Cloud, Cloud infrastructure (the engineered systems and software needed for the cloud to Development. I got lay off today. Not valuable people like you. In an effort to cut their own costs amid decreasing demand, consulting companies like Accenture are turning to layoffs. At least you would know the status of the company you work in. ET 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. November 2, 2020 Update. @2Hloi+125lGUIc 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. Any news or rumors?". retirement package and plan - HP k–led its pension plan a loooong time ago. 40 people in cx laid off today and more cuts coming in June. Making the environment sh–ty at Oracle only makes the better people leave. Read recent Oracle press releases, announcements, statements, cloud news, investor and analyst information, and analyst relations updates. But, the upper management in the development area for our product group got the decision reversed because: The layoffs would affect mostly jobs in Europe. Oracle brags about business successes but their employees haven’t had a raise in 9 years. Oracle has dragged the layoffs out so long that the better people are the ones leaving on their own. 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. Oracle's layoffs are never announced, they are sprung on employees. I know someone who is planning on taking their retirement plan. Are you eagerness and attitude to learn on your own? Or so you thought. Electric Vehicle Launches To Watch Out For In 2021. 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. The company employs 84,000 people globally. Time for those standing to start looking for new jobs with thriving companies. Oracle need to restructure to be competitive. ... resulting in an indeterminate number of layoffs. I have friends who support those products who are going, starting tomorrow. Layoffs 2020: OYO Cuts 5,000 Jobs, Oracle Lays Off 1,300 Staff. 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. It has left a ripple effect through those employees who are still employed. 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. I used to work for Oracle. 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. 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. June 19, 2020 at 5:42 pm Updated June 19, ... announced 146 layoffs at the plant, which has a workforce of roughly 600. The management manage to hide this in the structure. Isn't that the point of this WHOLE ENTIRE SITE???? If you were hired recently you are definitely history. 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". 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. 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. Oracle should do the same. 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. I never said HP was perfect. They wonder why there is no loyalty. Only the best leave the company. Two women walks past a closed down pizza deli, Thursday, June 4, 2020, in Cleveland. 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. But, leaving the company is difficult. @125lGUIc-1xyf Give it a few more years and it will get worse. 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. Oracle has released many long time (15 years and up) employees from their Food and Beverage Global Business Unit yesterday 6/17/20. The deadwood is never the first to leave at any company. @125lGUIc-ddnw I'm not sure I can believe that, or maybe there's more to it. Search for: accenture layoffs 2020 usa. … All other nations tax individuals based on their residence. It was a sever Oracle Axing. The figure represents roughly 1 percent of Oracle’s worldwide workforce. Once upon a time HP was a no layoff company. Oracle layoffs will impact roughly 1,300 employees across Europe, according to The Irish Times. Yeah, they announced layoffs, they are an honest company trying to do right by their employees. They are being let go to boost profits. All employees of CDC R&D are now waiting for releasing. You face interviewing with people who actually know what they are doing. So i guess that means that today support for cloud moved to dev? Managers have been tasked with laying off 20% of sales team. We talk here about ORCL swirling the bowl, but both HP Inc and HP Enterprise really are swirling the bowl. raises and bonuses - also ended a long time ago. 1) development is not set up for, or have the manpower to handle service requests Among the aforementioned Airbnb and Uber, many other tech companies recognize the importance of being straight with the numbers when announcing mass layoffs. But then again, so and so was let go last time, and he was well regarded and valued. OpenText, parent of Carbonite and Webroot, cut some staff in April 2020. Maritz - 107. Dublin is a prime target with 1,400 staff employed in the capital. I know people that would take it if there was one. By Ron Mendoza @ronmendoza_ 03/06/20 AT 8:20 AM. 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. 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. HP turned down the offer from Xerox, so that's done with. I knew people at HP who hadn't had a raise in over 10 years. The state says ... [+] more than 34,000 Ohioans filed unemployment claims during the last week of May. These big companies have way to many chiefs and not enough indians. And the layoffs under her watch were in the tens of thousands. December 18, 2020 General General With the new layoffs, the global headcount for the startup would be reduced to 25,000. no junior-high thugs - wanna bet? 2. I found myself into another job at a a startup in Austin but that didn’t last long. It was a sever Oracle Axing. Sometimes I think the pre-announced layoffs are done so that the deadwood leave on their own, and the company saves on the severance. 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. How is laying off that many people "doing right?" I have heard another re-org is going to happen in Dec, not as massive as June. I was devastated but kept myself positive and started applying to new opportunities. better internal management - subjective, but given how HP is swirling the bowl, I'd say no. They are glad to be paid-out and the pay-out is good. Highlights & Observations from October 2020: Layoffs decreased by 49.9% — October’s reported layoffs decreased by 49.9% compared to September. Firstly, You need to question yourself and get answers for the following : 1. Oracle is cutting up to 14,000 people, 10% of its staff, according to reports. Nelson-Atkins Museum of Art - Some Layoffs , No # Walmart Sunnyvale Tech Hub - 216 Update: Aramark Kansas City - 550 December 20 , 2020 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. 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. October 22 , 2020. 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. 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. 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. Oracle declined to comment. 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. “[We] see Oracle’s latest layoffs driven by corporate finance,’’ she said. About 6,300 employees will lose their jobs between only two companies: OYO Hotels and Oracle. Now, if they told you that YOUR position is going to be eliminated in say 8 months, that would be different. Modern day slavery. "During the tough Coronavirus situation, we will continue to support the benevolent and resilient Chinese society, in every possible way. The retirement plan is a really a good deal. 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. HP isn't losing money. At Oracle Super big layoffs coming soon due to COVID. I haven't seen any announcements or heard anything. Veritas Technologies had targeted layoffs in August 2020. They have to be laid off, that's the only way. Stratasys, a 3D printer maker, cut 10 percent of staff in June 2020. Updated 3:06 PM ET, Sun June 21, 2020 . So instead they announce future lay offs, and you are left wondering what you should do. 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. Seems unlikely. An 8,000-employee layoff would amount to about 10% of its workforce. LJ s—s. VMware had some layoffs in August 2020. 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. At Oracle Super big layoffs coming soon due to COVID. Exxon Mobil - Close to disclosing US, Canada Job Cuts. About Oracle Corp.: The Oracle Corporation is a large global computer technology company with the main office located in Redwood City, California. "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. Here are some COVID layoff highlights I’m seeing from Talent Airport (brought to you by Ongig & Friends) through midnight last night. What is the outlook for OMC? Are you doing the job for which you were hired? Deadwood never leaves on their own. Oracle is sharpening its ax for the Dyn networking biz it acquired in 2016, with plans to slash jobs and switch off services. Many are international and want to stay in the country so they put up with it. Our logging platform team is gone and we're being forced to use LJ. 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. If there are enough clueless people where he is going then that can be done. It's just much better than Oracle: It's better. This photo taken on November 20, 2018 shows Indian entrepreneur and founder of Oyo Rooms Ritesh Agarwal working on a computer in New Delhi. We want to thank our partners, employees and customers for standing strong together," said the spokesperson. Oracle layoffs will impact 1,300 employees across Europe, according to March 2020 reports. 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. HP's legendary profit sharing bonus program ended over 20 years ago. Any news or rumors? If O was going to cut those kinds of numbers, they would announce it, as Wall St. rewards mass layoffs. Amsterdam and Malaga are also suspected to be hit with the job cuts. Oracle is just a money-making scam for the people at the top. It's been a 401K only for about 15 years "Share any updates you may have about Oracle Layoffs 2020? 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. Anyone else hearing anything similar? "HP turned down the offer from Xerox, so that's done with.". It could be worse. Dec 19, 2020, 05:00am EST. Tenneco South Bend Plant - 350. But outside of early retirement programs, nobody does that, do they? 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. Oracle has released many long time (15 years and up) employees from their Food and Beverage Global Business Unit yesterday 6/17/20. Asking for a friend. Dec 18, 2020, 10:26pm EST. But then, pretty much any place is better than Oracle. When times got tough everybody would take a 10% pay cut, which was restored when things got better. 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. By Joseph F. … This photo taken on November 20, 2018 shows Indian entrepreneur and founder of Oyo Rooms Ritesh Agarwal working on a computer in New Delhi. Share any updates you may have about Oracle Layoffs 2020? 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. 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