Technology

2397 readers

616 users here now

Tech related news and discussion. Link to anything, it doesn't need to be a news article.

Let's keep the politics and business side of things to a minimum.

Rules

No memes

founded 10 months ago

MODERATORS

rimu@piefed.social

121

Oracle slashes 30,000 jobs with a cold 6 a.m. email (rollingout.com)

submitted 7 hours ago by cm0002@toast.ooo to c/technology@piefed.social

15 comments fedilink hide all child comments

It was not a phone call. It was not a meeting. For thousands of Oracle employees across the globe, Tuesday morning began with a single email landing in their inboxes just after 6 a.m. EST — and by the time they finished reading it, their careers at one of the world’s largest technology companies were over.

Oracle has launched what analysts believe could be the most extensive layoff in the company’s history, with estimates suggesting the cuts will affect between 20,000 and 30,000 employees — roughly 18% of its global workforce of approximately 162,000 people. Workers in the United States, India, and other regions all reported receiving the same termination notice at nearly the same hour, sent under the name “Oracle Leadership.

top 15 comments

sorted by: hot top controversial new old

[–] TheHighRoad@lemmy.world 40 points 6 hours ago (3 children)

As I've gotten older, I've come to hate the word "leadership" with absolute disdain.

[–] new_world_odor@lemmy.world 12 points 6 hours ago (2 children)

I feel that. Whenever that word gets tossed around more, someone's about to be or currently is dodging accountability. Every time.

[–] DesertCreosote@piefed.blahaj.zone 1 points 2 hours ago

When I use it at work, it usually means “look, I was told to do this but I don’t really agree with it, so please don’t get mad at me because there’s nothing I can do to change it.”

[–] uberdroog@lemmy.world 9 points 6 hours ago (1 children)

I use it to jab those that lack the ability but yet have the responsibility. My current organization still thinks leadership is them telling you and you doing it. Any org considering a return to office policy as an example.

[–] TheHighRoad@lemmy.world 4 points 5 hours ago

It really is a sad state that there have been so few admirable examples in high places to follow for generations now. Artemis II is giving me hope that we may return to a more inspiring time.

[–] atomicbocks@sh.itjust.works 4 points 5 hours ago

It’s important to remember that executive doesn’t mean leader it means one who executes the will of others. The definition of leader and executive has been perverted and conflated over the last 100 years or so.

[–] LiveLM@lemmy.zip 1 points 5 hours ago

An all encompassing, all consuming, burning rage.

[–] WagnasT@piefed.world 11 points 6 hours ago

Surely the HR pay system at my next job won't be vendor locked into Oracle's ecosystem.

[–] Jhex@lemmy.world 6 points 6 hours ago (1 children)

anything to avoid being the first domino to fall off the AI bubble pop...

[–] drsilverworm@midwest.social 2 points 4 hours ago (1 children)

How is this not a falling domino?

[–] Jhex@lemmy.world 11 points 3 hours ago (1 children)

It hasn't fallen yet, they are eating their own workforce to come up with $10 billion to plug the $300+ Billion in debt obligations they have with their "AI Investment".

So this is like selling the car you need to go to work, so you can cover the late payment to the oversized mortgage you signed up for.

This is buying them time, but not much... soon they won't have anything else to sell

[–] captainlezbian@lemmy.world 7 points 3 hours ago (2 children)

I hope Ellison loses everything

[–] Quetzalcutlass@lemmy.world 6 points 3 hours ago

Him and his just as evil son.

[–] Jhex@lemmy.world 2 points 3 hours ago

... and then some

[–] Zier@fedia.io 1 points 6 hours ago

Awesome. And once the AI takes over, the company will tank.