"Many of the absolute best colleagues were laid off as well. It seems layoffs follow an algorithm of high-level individual contributors and mid-level managers - especially those with outstanding stock options."
"The layoffs are unprecedented, affecting those responsible for ensuring compliance with critical standards such as PCI-DSS, HIPAA, PA-DSS, and GDPR."
"I have quite a few friends who were laid off today. Top performers, extremely talented and really solid at their job. They just got caught up in a wave."
"I have handled countless on-call shifts and solved countless problems under pressure, yet I was also affected by the layoffs."
Oracle is set to lay off approximately 30,000 employees while reporting $533 billion in orders. The company maintains a workforce of around 165 million and forecasts revenue of $67 billion for 2026, unchanged from previous guidance. Financial projections for 2027 estimate revenue at $90 billion. Despite these figures, recent LinkedIn posts reveal that many high-performing employees, including managers and engineers, have been laid off, indicating a troubling trend in the company's workforce management.
Read at ComputerWeekly.com
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