(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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IF Layoff’s justice or not makes much difference. If it lose the fair，then Layoff becomes the tool of politics. It’s nothing more than a witch-hunt.
Ingram Micro(India) is planning to layoff 100 people on March2009
Layoffs continue at SAP. SAP says goodbye to most of its Business Objects talent.
Oracle started ditching NA field today. Continues to tomorrow.
Well, no more rumors - I’ve got a “pink slip” today.
I heard over 5% RIF. I know of 15 people let go between yesterday and today so far
I got laid off from oracle today. They are conducting layoffs in the morning, and fed-exing last checks and legal papers today. 10-15% Across the board is what I was told. All layoffs will be done by the end of the day.
Layoffs are happening today. I was laid off this morning. Notifications happened this morning and last checks and legal forms are being fed-exed today.
I’m hearing 10%. so 8,000 people
I got laid off today. I am in Oracle CRM field sales.
Really sorry to hear this, guys. This is sad..
Ditto, I was in the Channel
Anyone have information as to departments / org units affected?
Me too ….I was in Sales Business Operations.
Oracle today laid off at least 20 people in front of my eyes. and many more which i just heard. Conditions are really bad. Oracle India.
The Channels group was obliterated. Very sad.
Was also in channels and alliances org U.S. realized later in day I wasn’t alone
[...] Filed under: FYI — 7macaw @ 3:06 pm Tags: Oracle, Oracle layoff Our “Oracle layoff rumors” post has become a sad “Oracle layoff discussion thread“, with more and more [...]
BI group has been obliterated
How come Oracle layoff wasn’t shown in the WARN site? Wasn’t large company supposed to report their planned layoff?
There are some loopholes - e.g. see one of our earlier articles on the topic.
trust me Oracle was beyond any loopholes on this one, what are the consequences if they did not abide by the law
Does any one know which depts or areas are getting laid off?
Als, we don’t have this info, but some people above did post which department they were at. FWIW.
All day today the Oracle stocks were traded at very low volume till end of the day when the block of 4+M shares were bought. Could it be Larry or somebody close to him? Can it be construed as an “insider” trading?
I am pretty sure it was all depts within Oracle
At least 3 people in my group were let go including one person needed for a presentation today. very sad indeed
Hi Guys
I was the part of the hair cut too.I am into consulting.and my utilization was 87% this year.
I asked my manager what is the reason but have not got the clear cut answer? ( Does the folks in oracle expect me to work in holiday season).I worked my ass off billing the client and pumping the money to oracle treasury and I am not pissed off because they let me go but have not intimated few
days advance.
I was in the NA NATO Sales org. (Fusion middleware) Cuts were over 10%.
I was let go today, 9 years with the company and countless awards for utilizations and leadership roles in major high profile projects.
200 were let go in 1 group alone. So this is major shit.
Severance is a pitty as well - max of 12 weeks for PeopleSoft legacy employees.
Its very true that Manager’s know the name & list of the employee who is getting laid off before a week.
They layoff employees today night also without any previous intimation
Hey guy, I am about to hire a employment lawyer to review my severance package and it’s legality. Anyone willing to pool together to do this?
I do not see Oracle’s layoff notice at WARN list for California, 2009:
(NOTE: link contains Adobe PDF document)
http://www.edd.ca.gov/Jobs_and_Training/warn/eddwarncn09.pdf
All departments in Oracle India and all locations had about 10% layoffs. Oracle Direct is where I am and yesterday was Black Friday. Felt really bad seeing my collegues being asked to leave.
Mercury News -
01/08/2009
Oracle Co-president Safra Catz started the new year out in style by exercising her right to buy half a million shares of the Redwood City software giant, paying $5.85 million, or $11.70 a share. She then sold the shares for about $18 each, leaving her with a $3.15 million profit for her 2009 tax year.
Now a ton of layoffs? Seems fishy to me.
“She then sold the shares for about $18 each, leaving her with a $3.15 million profit for her 2009 tax year.” - hmm.. this does not look good
easy come east go…..
You are talking about being thrown off a pirate ship..
this is Oracle…
are you surprised,
drink more coolaid ,
wish you all the best of luckkkkk.
I mean that.
I used to work in OracleDirect till last year. Resigned only in December to join a much smaller but a MNC consulting firm. Imagine my horror when I find a depressed roomie who was employed in OD till yesterday ask me if I have any openings in my current company. Then I got the dope on what transpired. 82 folks just from the Bangalore Center, dumped in a brutal, unceremonious style. They were just told to pack up and leave…no questions asked. I heard it was a global initiative, and the same happened in OD centers in US, Canada and Romania. What irks me is none of the managers got hit, but some people who have put 2 or more years of consistent performance was let go. The managers in OD are a pampered lot, they just suck up to higher management, do little work and just finger the BDCs. A lot of them are indisciplined too, and are alcoholics and womanisers. As regards Safra Catz, she is a brutally efficient woman, when she crunches the redundancy figures, heads roll. Oracle is an extremely aggressive and inhuman but that’s probably the reason why it did so well for the last 30 years.
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I just got whacked, as well, less than 3 months after my hire date, 1 day after my new hire training was completed.
Are there any layoff from hyderabad office also? If yes which department.Are there any layoff in Ebiz Product development als?
Very cheap on severance package: One month for the first year you serve at Oracle and one week for each additional year you serve. 30 days Oracle covered COBRA. Brutal.
This is only the first round. More to come if Oracle miss Q3 or Q4 target. Good luck!
I hit my number, and they still let me go …
Were there any cuts in product development?
Three of my co-workers in US were asked to go and they are in Oracle’s PeopleSoft area. I know we have few hundred of workers in India and am sure if they are hit as well.
Hey #556. Thats a better severance than in the past it used to be 2 weeks for the first year and 1 week for each subsequent year. Larry musta been feeling generous.
Yesterday was a the worst day of my professional life… I saw my colleagues asked to leave.. just like that..!! I feel really bad for those who had to leave without a clue… wish good luck for those who left.. and to those who are hanging there… still!!
Eddie. Man up dude. Its a recession, this stuff happens. If you’ve been around the O for awhile this goes on alot. The last recession saw the ax fall quarter after quarter at Oracle.
Hey, lawsuit keep us posted on your progress.