(Rumor) Oracle: Major layoffs are to come in January 2009
According to rumors from different sources: “There were several layoffs reported between November - December, 2008 in Oracle’s North America consulting unit. The reduction in force included 140 IT consultants specializing in Siebel, E-Business Suite, PeopleSoft, J.D. Edwards, and Hyperion products.”
Rumor: “A bunch of people were laid off from Oracle’s business units including utility and retail. Major layoffs are to come in Jan 2009″.
Rumor: “at least 2 people were laid off from PeopleSoft/Oracle unit with no warning.”
Rumor: “20% of the Education staff was let go”.
Update: According to Dow Jones and CNNMoney: “Oracle Corp.’s (NASDAQ: ORCL) fiscal second-quarter net income fell slightly, with the stronger dollar dragging on revenue and profitability.
Revenue for the quarter was lower than Wall Street expected, reflecting both the currency impact and weaker information-technology expenditure, but cost control and a strong flow of maintenance support revenue helped Oracle hit its quarterly earnings per share guidance.”
Update 2 (1-09-2009): According to rumors:
- SAP layoffs: “A source reports that SAP is making some deep cuts in SAP’s Strategic Growth Enterprise (SGE) unit (focused on the SMB space). A 300 sales-related positions were affected in North America.”
- Infor layoffs: A source reports that “Infor just laid off a staggering 85% of their senior managers and executives across UK and Europe.”
Update 3 (1-11-2009):
- India’s Oracle office in Bangalore lays off 40 people, according to The Time of India.
- Oracle India has an extensive network of more than 400 channel and alliance partners in India, which includes Infosys, Satyam, Sonata, Tata Consultancy Services and Wipro.
Update 4 (1-12-2009):
- Reports said that after the acquisition of i-Flex, Oracle was planning to lay off almost all employees of that company, though the decision was scrapped after intervention of Oracle’s management, as the layoff of all i-Flex employees could project a failure of the acquisition, according to rumor
Update 5 (1-13-2009):
- An anonymous report suggests that termination packages were sent out to folks on 1/9/2009 in the US.
- PCWorld mentioned LayoffBlog.com in their Oracle layoff-related article.
- ComputerWorld also mentioned LayoffBlog.com.
Update 6 (1-13-2009):
- Oracle cut around 500 positions in its North American sales and consulting businesses last Friday (January 9, 2009), according to WSJ and other sources.
- Investors had anticipated a larger scale of the job cuts thanks to the rumors last week that the company was aiming to eliminate thousands of its employees, according to Yahoo Finance
- Oracle employed 86,657 globally at the end of November.
Update 7 (7-2-2009):
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The utilities vertical laid off approximately 100 people.
I was laid-off last Thursday - was in the tax and global utilities business unit.
Are they giving any sort of severence pay ?
I was also in the TUGBU group, and I was laid off on June 4. Some stats, there were 41 people laid off, of those 63% were 40 and older. Looks ripe for an EEOC complaint.
Oracle, India, Hyderabad, Support, Campus.
HR called me today surprisingly. Looks like I may be laid-off. It has begun in Oracle support now. Looks like major layoffs are coming in June for Hyd support folks.
..
Are you sure.. there going to be layoffs in Hyderabad support?
I heard there are many layoffs in India in June. around 16th. lets see.
Does anybody know if there will be more layoffs in North America in July?
any more layoff news??? now that fiscal year is over
Big rumors again Oracle is layinoff on the 19 more than 700 NAC consultant
what a pain for USA consultant…..dmmmmmm
Where did you hear this?
I hope this is just a rumour.
I hope government do something about laying off without advance notice. Oracle is smart!! and covered themself by not doing massive layoff so that they do not have to comply with WARN Act. They just layoff employees in waves and each wave is around 100-200
employees but does it every quarter or every month..
Around 100 people were laid off in the NA Utilities Vertical on 6/9.
that don’t impress me much
any one let go in GC area???
Hearing of a reorg in NAS - any layoffs part of that or just restructuring?
Guys & gals — please stop the cynical words about skills etc. The world is not that simple, not always “logical”, far more complex than that. As they say in aviation, it is seldom a single cause that brings down an airplane in case of an accident. The fact is that some excellent people are loosing their jobs, as we speak.
Managers rank their people based on skills and marketability. The people at the low end of the range are more at risk of being laid off. However, they also look at “human” factors. For example, is this employee flexible and open to change? Does he/she have a good attitude? Does he/she have potential to grow? Does he/she get along well with co-workers and help other co-workers if needed? Is this employee reliable? Does he/she call in sick or miss work for other reasons frequently? If an employee ranks low on the “human” factors, even with a high skills ranking, they could also be laid off. And, since many of these factors are open to interpretation by the manager, if your manager doesn’t like you, you’re in trouble too.
Just something to keep in mind if you don’t want to get laid off.
I was on the 4/15 list. My former manager hates my guts, put me on the rif list. A friend of mine saw the list and pulled some string and transferred me out to another group.
Granting L1 and H1 in this economy is not helping rather it is making bad situation worst.
Got the news one more round of layoff is coming on 26th June 2009
anybody heard about any reorg news, happening tomorrow?
Are there any layoff coming in D.C. area?
Yes got the news from relaible sources that 26th June there will be major reorg NAC
any more on this?
Did everyone get laid off???? No posting for 5 days???? Is this site still working?
It works as a swiss watch. No new layoffs recorded yet. Stay tuned
This site has been useless since they changed the layout so that message appear in some kind of strange pseudo-random order.
This doesn’t look like ‘pseudo-order’ to me. I could comment someones’s comment w/out refering like “answering to #2314, 34 and 1298-1300..”
Well, we are at comment 8048..and more, with a post originated in January…. mmh… that’s not only random, is really a jungle to read!!!! Would be good a timeline…
BTW… I’m not sure about the head count… something’s strange there…
re: “..with a post originated in January..”
True, but this is the most popular post related to Oracle layoffs:
http://www.google.com/#hl=en&q=Oracle+layoff&aq=f&oq=&aqi=&fp=leBsIIJAIN0
I agree, posts navigation could be implemented better
Right now, these are the last few comments I see, based on the topmost threaded comment:
8044 - June 23, 3:07 pm
8073 - June 23, 11:09 pm
6928 - June 4, 7:54 am
7023 - June 5, 3:37 pm
7143 - June 8, 8:05 pm
7153 - June 9, 12:35 am
7331 - June 12, 7:34 pm
7366 - June 13, 9:55 am
7399 - June 13, 8:24 pm
7452 - June 14, 3:54 pm
7496 - June 15, 7:58 am
7506 - June 15, 12:03 pm
7511 - June 15, 12:36 pm
7512 - June 15, 12:39 pm
Although this is not completely “unsorted”, it is very irritating to read. If the guy who maintaines this site is/was working in Oracle, I wouldn’t be surprised if he gets/has gotten laid off.
subscribe to RSS feed for the comments updates and be a happy camper:
http://layoffblog.com/2008/12/18/rumor-oracle-major-layoffs-are-to-come-in-january-2009/feed/
Oracle employed 86,657 globally at the end of November and 85 562 at the end of May. Down 1095 employees.
In the same time, Oracle just reported operational margin of 51% and margin of 24%.
It does not prevent the management to ask for “protection margin plan” in Q1 - yeah, orcl is struggling to survive, if the margin fall to 49% we might end up as the new wall mart (grins).
Almost twice as much as what was invested in Research and Development (2,7 Billions) has been scrapped on stock repurchase (4 Billions). I understand now the delays with Fusion (special grins to our german friends out there).
A company supposed to be in high tech business that is spending less than 12% of the revenue in R/D and getting more than 50% of its revenue from maintenance is doomed on the long term. See Digital. We wil end up bought by HP - or be fired-riffed-piped before.
http://www.oracle.com/corporate/investor_relations/earnings/4q09-supplemental-tables.pdf
Oh, small question: where do we consolidate the revenue for tax purposes? Orcl was strongly lobbying in congress in Q3 to pass an extra-bill on allowing bringing the revenue back home without surtaxes - as most of it is currently not to see Uncle Sam’s territory.
It is very uncertain that our jobs are safe.any movement we have been laydoff.
I got pink slip today
What state are you? And what department. So sorry to hear that…
Can you tell us which group you were in? Atleast which EVP?
Good thing in oracle is getting 4-5 months basic pay when we get laydoff.Today i got pinkslip
any idea of how many others?
What state are you?
Why do you ask about the state? Consultants may be located all over the US right?
You talk about basic pay, so:
1. I presume you were in IDC/SSO or some other org in India (your time zone also seems to suggest that).
2. 4-5 months basic is pretty sad - I expected 4-5 months of total.
Looks like at least two people (8159 & 8160). Any idea how many more? Can you give us details of which group/which EVP? Was it related to your appraisal?
Wishing you all the best - I’m sure you will find a way out. Expecting to join you soon … if all I can expect is 4-5 months of basic, I think I should put in my papers.
Not really being reported here, but hearing from former co-workers being laid off bit by bit. More yesterday and quite a few on June 4th. All in NAS. Have also heard from high-connected sources that NAC was to get a substantial hit (I thought today but not sure when). Also, NASA SCs re-orged…gotta wonder when the ‘rationalizing’ happens. Maybe Aug/Sept. Commercial dropped a region. always something.
What Commercial region was eliminated?
There were definitely some… anyone know a good website for ex-Oracle people… not there yet, but getting close…
This is the one
Welcome to the club!
I know that the IBU got hit yesterday, specifically AGSS.
We are looking at about 10% annualized attrition. That would mean a half life of 6-7 years.
Oracle Consulting
——————–
90% of staff are located at client site, and one can start to feel disconnected from the rest of the organization when offsite.
Leadership varies WIDELY across the firm. The successful teams that are exciting to work on and offer professional growth oppportunitie are the ones that are managed by strong leaders. There are a few, less established teams that lack consumate leaders and it is evident that they have no vision or strategic direction for the team. It is also apparent that their employees are dissatisfied and turnover is is higher on those teams.
It is a very political atmosphere where promotions are based on who you know and “playing the game” more than merit. Depending on your job function within the company (there are a lot), it can be very specific and, therefore, difficult to transition to another job. Lower salaries than competitors.
Any news on layoffs ? Anyone knows how many were cut off in Oracle Retail since Jan ? I heard on teh contrary they are hiring in Australia.
any more news ?
All quiet on the Western Front?
Lot Of Layoffs coming in IDC, I am glad concerned’s(Fatima?) friend got laid off and is moving on with better things.
See it wasn’t so hard was it?
Next Round IDC. Get Ready
What is IDC?
India
IDC - India Development Center
Indian Development Center. I heard few people fired last week in Hyderabad and Bengaloor. I think few more things will come up. Looks like they are laying off people with high salary. Started recruiting fresh College graduates and providing training and placing at work. Not sure how they are going to handle Production servers. Very risky to the customers.
http://www.reuters.com/article/technologyNews/idUSTRE5615EX20090702 Says oracle is laying off 1000 in Europe
250 Jobs cut in France. About 150 in Consulting, and 100 more impacting all LOBS.