Mass layoffs at oracle start Tuesday. 30,000 employees impacted, about 20% of the globlal workforce

Layoffs in Mexico started this week and are expected to start in the US and India on Tuesday, 31st March. Layoffs are being done by though in some cases face-to-face.

Oracle Corp. is preparing to lay off thousands of workers across its business units to ease a cash shortage caused by its aggressive expansion of AI-powered data centres, a Bloomberg report said, citing people familiar with the plans.


The report suggests that Oracle Chairman Larry Ellison is leading a major push to build new data centers that can handle demanding AI tasks for big customers, including OpenAI.

The layoffs started at M5 level and most managers not even asked for ranking. Most seeing m4s on blind saying they dont know who. Managers find out Sunday night if they are not being laid off.

A copy of the Layoff message

We are sharing some difficult news regarding your position.

Owing to certain organizational changes that are taking place in the company and after careful consideration of our current business needs, a decision has been taken to streamline the operations and as a result unfortunately the position you currently hold has become redundant. We want to assure you that this decision has been taken after thoughtful deliberation and has become inevitable in light of the need to restructure the business. We appreciate the work you have done for the company and want to assure you that this decision has not been made lightly.

We are grateful for your dedication, hard work, and the impact you have made during your time with us.

You are eligible to receive a severance package as part of your exit. HR will shortly send you the separation related documents, the details of the severance package and other resources to help you with the next steps. You will receive this by email.

Starting today you will be placed on garden leave for the duration of your notice period and you are released from performing your duties for Oracle. During this period, access to all work related environment will not be available except limited access to email and laptop to enable you to complete the separation process.

Thank you for your contributions to our organization.

Comments

Post a Comment

Popular posts from this blog

U.S Customs tells Indians : Stop carrying Bullshit. Cow dung from India is prohibited in luggage

Image
Cows are no strangers to praise and controversy in India. Hindus consider the animal sacred and many consider cow urine (Gomutra) and poop (cow dung) sacred and containing medicinal properties.   This may sound funny to some, but Indians seem to be carrying cow dung (dried cake) in their baggage while traveling to the US, prompting the U.S. Customs and Border Protection to issue a press release ( Dulles CBP Agriculture Specialists Find Cake Surprise in Leftover Baggage ). According to the release U.S. Customs and Border Protection agriculture specialists discovered cow dung cakes while examining leftover baggage recently at Washington Dulles International Airport.  That is not a typo. CBP agriculture specialists found two cow dung cakes in a suitcase that was left behind after passengers from an Air India flight cleared CBP’s inspection station on April 4.  cbp.gov According to US CBP,  "Cow dung is reported to be a vital energy and cooking source in some p...
Read more

Checklist: What to do after death of a Parent or loved one?

Image
With a death in the family, survivors may have to come to grips with the stark reality: how to move forward after the death. While the grieving process can take time, one also must address several documentation, paperwork and other formalities. Here are a few things that you will have to follow up on: To Do Immediately After Someone Dies Inform loved ones, family and friends Arrange for a funeral - depending on your custom and current regulations and wishes of the deceased, you will have to plan for the final rites Plan for after death ceremonies - this will depend on your customs (e.g  After death ceremonies – Brahmin Iyer ) Apply for a  death certificate . This is the most important legal step and may be a two-step process The hospital, crematorium or burial ground officials may issue a letter/document with the name of deceased and cause of death.  The letter/document needs to be submitted to the local municipal/corporation office that will ‘record’ the death and i...
Read more

Overseas Citizen of India (OCI) cards new rule: Face cancellation if imprisoned for over 2 years

Image
The Ministry of Home Affairs has issued a gazette notification stating that Overseas Citizen of India (OCI) card registrations can now be cancelled if the holder is convicted or charged with serious criminal offences. The notification clarifies that OCI status will be revoked if the cardholder is sentenced to imprisonment for two years or more, or if they are named in a charge sheet for an offence carrying a punishment of seven years or more. This provision has been introduced under clause (da) of Section 7D of the Citizenship Act, 1955. The notification states: “In exercise of the powers conferred by the clause (da) of section 7D of the Citizenship Act, 1955 (57 of 1955), the central government hereby states that an Overseas Citizen of India (OCI) registration shall be liable to get cancelled when a person has been sentenced to imprisonment for term of not less than two years or has been charge-sheeted for an offence entailing punishment of imprisonment for seven years or more.” New c...
Read more