What is your view on Oracle firing 30000+ employees?

My husband got laid off after working there 9 years. No warning and even his boss was completely blindsided. He was supposed to start a huge project today. He heard some people that were the ONLY person thst knows how to run certain systems were let go. So if something breaks no one will know how to fix it. F*** them.

My Dad lost his job with them today, courtesy of AI email, months before his stocks would be vested with his pending retirement. Oracle absorbs back the stock options when someone is laid off, so F*** ORACLE.

My last job relied on Oracle and it's so bad they're looking at switching to Workday. Do you know how bad your product has to be to for people to go out of their way to move to *Workday?* Imagine if they spent more effort developing their product than convincing investors about a small margin. Pay people. Invest. In. People. F*** C-suite stupidity.

Larry Ellison is a Pos

Remember way back to 2022, when tech companies treated mass layoffs as an absolute last resort? Now it's done as a quick stock boost to line shareholder pockets. We live in a terrible reality.

Spouse got the 7am email, so my view is F*** Oracle.

Ellison needs money for his plastic surgery.

My first job out of college was at Sun Microsystems and I got laid off along with thousands of others. Oracle bought out Sun Microsystems and now they are laying off 30k employees. Larry Ellison's stocks are worth $188 Billion.

30,000 people lost their jobs so a board of executives could show investors a better margin. That's it. That's the whole story.

This used to be said about Oracle: "Oracle is a great place to work. You can work half-days if you want. And they don't care which 12 hours you pick."

ORACLE = One Rich A****** Called Larry Ellison

My Dad was laid off today by email after 43 years. F*** Oracle they can eat a bag of dicks.

It’s a good reminder to make sure you always do less at work. They do not care about you.

Is it because Oracle is losing money? Or, is it because greedy shareholders want more profits?

The US needs to really think about how to better secure and protect its workforce or we’ll have 20% unemployment before this term ends.

Are we surprised? This is Larry Ellison we're talking about here. He's not exactly known for his ethics.

My view is to show zero loyalty to any corporation. They will never look out for you. You owe them nothing. It's completely transactional. You work, they pay, that's it.

Despite the narrative, it's not because of artificial intelligence. It's due to their acquisition of Cerner for $28 Billion back in 2022 not working out as they hoped. They have a ton of high-interest debt that is coming due and no means to pay it. The banks don't want to do business with them because they are an increasing liability. To get the banks off their back, they have to improve margins and decrease the risk, and- unfortunately -the easiest way to do that is to lay people off. It sucks for the employees, but that is what happens when you take risks that don't work out. **EDIT**: Since this is blowing up, I should clarify that this is purely my supposition based on the news articles I have read and the recent major moves by Oracle. I shouldn't have worded it so much like I knew exactly what was happening. I could be wrong about it, but that was my impression and makes logical sense to me.

30,000!???? What’s the largest single-day layoff by a company ever? EDITS: looks like it was IBM in 1993 with 60,000 in the private sector. In the public sector it was around 300,000 with f****** DOGE, but that’s been back/forth a bit. So yeah for anyone asking how our government can possibly act like how it’s acting, that’s a big reason

It's time to boot up Luigi's Mansion again

F*** the tech oligarchs.

This is how Luigis are born

Larry Ellison needs a share price boost to uphold his end of the conservative media takeover plan which includes the purchase of Warner Bros Discovery. To sweeten the deal, he made some huge $$$ guarantees.

Email at 6am is diabolical.

This is how people end up in the newspaper.

Buddy of mine who works at Oracle said his team of 10 turned into a team of 6. Lost 40% of his team, and probably morale, just so the company can save money

I have some former coworkers who literally just left my company (within the last three or four months) because they were offered jobs at Oracle that promised better salaries and supposed security. One just adopted a special-needs infant last year out of the foster care system, and is the primary provider for her family. I don't know if she was involved, but so far, I've heard at least one other friend in her department lost their job from this. I'm so angry and sad for them. On top of that, Oracle is one of the biggest employers in the city I grew up in. I'm sure all the jobs in that city are going to be overwhelmed with applicants, now, and I'm already aware that lot of folks in my field were struggling as-is. AI is destroying the livelihoods of literally everyone I talk to IRL. Either it is making our jobs harder (more hoops to jump through, pressure to show how we're utilizing AI for efficiency, even if it is actively worse than doing the work ourselves), rendering us obsolete, or the threat of one of those is looming over everyone. It's so exhausting, and frustrating. I don't even know what career I could pivot to if I eventually lose my job from this, and the thought keeps me up at night. I know there are a lot of other folks who will be sleepless after this announcement, too.

Oracle has been a piece-of-shit company since day one. Any software developer with any experience in enterprise Oracle database implementations will easily back that opinion. I could also go on about the acquisition of Java and how they handled that. So no surprise whatsoever here.

FAFO like Amazon & every other organization is going to when this AI shit doesn’t work out.

they threw too much money at scam altman

Firing employees at that scale should be a seen as an embarrassing failure. Not celebrated by the empty suits of the company

I think it's the tip of the iceberg for the entire white collar world. Oracle isn't building AI models but they seem to have found a use for all those Oracle Cloud datacenters and are building more. It's impossible to get hardware now if you aren't a hyperscale cloud or AI company, and they're all circular-dealing with one another. It's covering up economic weakness and is going to be a huge mess when it all pops. But, all these companies are doing this for one purpose only - they want to be the company that can throw money into the furnace 5 minutes longer than anyone else and rule the world after some massive breakthrough. I've been in IT at large companies for quite a while. The number of people collecting healthy 6 figure salaries for sending emails, moving graphics around on PowerPoint slides or writing soulless marketing copy is staggering. Large companies hire "classes" of generic business students every year and they're all doing some form of busywork that is now almost ready to be completely eliminated. The effects of millions of solid jobs disappearing and being replaced with trades or menial service jobs are not going to be good, and you know it won't be managed well. 30-40% unemployment and much greater underemployment might finally be enough to have French Revolution 2.0. I worry what's going to happen for the future. Executives are 100% disconnected from the real world and have no clue whatsoever how a normal family operates in the economy because they've never had a normal existence. Jumping right from an Ivy League MBA to management consulting and then a director s*** means they've never had to work a day in their lives...it's the easiest job on planet Earth and laying off 30,000 people is just an everyday occurrence to them. Don't expect 3 day workweeks and a life of leisure in this post-AI world, expect living in a trailer and working at McDonald's if you're lucky.

I was one of them. Honestly f*** the company, I was working for Evil Inc. so I could make money. Never selling my soul again and I have a decent nest egg to ensure that

If giant companies are getting tax breaks and special zoning accommodations because they make jobs then they have to make jobs. Since they don't have any responsibility to do that, time to make them pay the same as normal people.

What’s the difference between God and Larry Ellison? God doesn’t think he’s Larry Ellison

Decouple insurance from work. Health care for all, run on taxes on those who have disposable income.

Waiting impatiently for the AI bubble to pop so GUPs will go on super fire sale.

I miss when Oracle was a tech-first company. In the 7.3.4 era, everything was about pushing the limits of the database. Now, they've become this strange entity that's more interested in trend-hopping and legal audits than actual breakthrough tech. 30,000+ layoffs is just the latest symptom of that lost identity.

Oracle's finances are fucked.  They are too exposed to the popping AI bubble, and they will not be a company by 2028.

My view is this: Ellison way over paid for Warner and is roughly 1 billion plus in debt, rather an restructuring, he fires 30k to make up part of the short fall

Ellison is a POS

They have a tonne of debt that they realise won't be paid back, so the balance sheet has to be trimmed. The unpleasant truth is that Oracle and a lot of large companies employ more people than they really need.

Perfect argument for why we should dedicate our lives to not supporting investor-owned companies, and should tax the living shit out of companies that lay thousands of people off to replace their productivity with AI. They’re vampires, and we need to harness the power of the government to take their blood.

My Dad got fired from Oracle in 2006 after missing his Q4 sales numbers after 7-consecutive quarters of 100%+ attainment. His daughter/my sister committed suicide in Q4 of 2006 and he was on bereavement leave. F*** Oracle.

Stock price went up too...  Eat the rich!

I hope these large companies laying off large swathes of people to temporarily boost stock prices see severe, negative long term effects.

It's only the beginning of the GoLdEn AgE

**O**ne **R**aging **A**sshole **C**alled **L**arry **E**llison.

It was bound to happen. They took on large amount of debt to acquire influence.

They'll be hired back piecemeal over the next year or two when Oracle realizes they can't run their shitty business without actual people.

**O**ne **R**egarded **A**-hole **C**alled **L**arry **E**llison

We need better worker protections in the US.

Oracle is a necrotising malignant tumor on the IT industry. I have had the great pleasure of removing oracle to the maximum extent possible from my employer’s infrastructure. Sorry to the people losing their jobs - leaving an abusive relationship is hard but much better in the long run.