Nor did unemployment benefits, which have been increased to an extent that some people are actually earning similar, or more, from state and federal unemployment checks. Former holder of the FINRA Series 7 and 66. It'd be showering the galaxy with f***ing lawyers too. "I didn't believe them and, although I did lear some programming, I never put all of my eggs in a single basket. End game for Oracle is to only employ lawyers and salesmen. Oracle layoffs will impact roughly 1,300 employees across Europe, according to The Irish Times. All of that $120M is plowed right back into the economy at the lowest level. Corporations are legal fictions. He could always explain Oracle's clinical technology with elegance and insight. Oracle made the cuts in the best way they could. Irvine. The uncertain shape of the recovery — V, U or now a Swoosh — is still being debated by investors and will continue until there are more states opening their doors without signs of a serious second wave of infections. This video will cover the basics of how to use your HSA, and how you can get the most out of this account. His task is to prepare for the worst. Every time he takes his fucking racing yacht out I hope it flips and rends him into unrecognizable catfood sized shards. There won't be any bad PR because it's all pretty much the same corporate owned media whether it's Fox, MSNBC or CNN. The company is one of the leaders in database systems and ERP products. I dont think this has anything to do with recession planning. It can make sense to cut entire teams and projects. On the other hand, offering some severance and help finding the next job is a cheap way to avoid lawsuits and cultivate the right image to retain people who might otherwise contemplate jumping ship on their own time table. Offering early retirement is similar, good people leave, and they are stuck with the dregs. © 2020 Forbes Media LLC. All Rights Reserved. Feck the people who think CS jobs belong anywhere near b, Bill Gates work, while beneficial to humanity, doesn't create a whole lot of jobs. I've spent 20 years as a reporter for the best in the business, including as a Brazil-based staffer for WSJ. . If he was really charitable there wouldn't be entire communities in the US Appalachian region without indoor plumbing and electricity....it's more fashionable on the "world stage" to solve problems outside the US than within it. Since then he's spent his money spreading Big Pharma's chosen IP laws around the globe, and on "improving" education in ways that actual educators (and those who study education) say actually harms education. Daily Job Cuts / Layoffs - Your source for daily economy updates on recent Job Layoffs 2020 / 2019 , Job Losses, Layoff News, Store Closings 2020, Bankruptcy, Business and Economic News “I don’t think the markets are moving lower today because of fear of another COVID-19 wave. You should instead focus on current management? Brings tears to one's dry eyes . Who want to be subjected to Oracle's "audits"? Both are important. The Democrats favorite doctor: Anthony Fauci. Oracle has vendor lock-in for major corporations. Attrition means the best people leave, because they have the greatest opportunities elsewhere. Engineers who work for companies like Oracle and Facebook should understand that their salary literally comes from doing evil in the world. The best people, the ones who accomplish the most, often upset management and have their best projects set aside in a layoff. ET Firstly, You need to question yourself and get answers for the following : 1. But I do know other people in that group that didn't get axed. Good people are always a flight risk because they can get another job easily; but that also gives them some reassurance when they survive a layoff (been there several times). Unemployed for 1 hour. IOW, Bill Gates' work is neither beneficial to humanity nor job-creating. I really hate to burst your bubble but you have zero idea what you are talking about. by His scenarios are almost always worst-case scenarios and not base-case scenarios, even though they are often trumpeted as being the baseline. Oracle had layoffs on Thursday, with some anonymous message-board users saying they seemed to have been significant. I''ll disagree with this. (I work in a different group and my teams mates spread from California to London plus a couple more in India.). Neither is spending billions on stock buy backs to keep the price up. We all know it's coming and nobody's doing a damn thing to stop it. Mafia? They're the ones deciding that these people will be laid off. The managers prefer foreigners, whom the lawyers at Oracle help to get H-1B visas. If I got fired tomorrow IÃ(TM)d shrug my shoulders, I get offers for jobs 24/7 because I keep my resume up to date and I am always learning new things. It is surprising that anyone would bother to be more cutthroat than the usual. for the last one. He head hunted me before I was laid off. The consolidation in equity markets continues as the market looks for new themes to buy into. KEY POINTS. Oracle primarily specializes in developing and marketing computer hardware systems and enterprise software products. Er, wait... Bill Gates work, while beneficial to humanity. This makes things really worse, so finally the board of directors fires existing management and brings in new management, but by that time the situation is so bad that the n. More succinctly, first they downsize, then they rightsize, finally they capsize. Feck the people who think they are world savers. But think of if the government had been directing the construction. It's usually about optimisation of teams or product direction. Of course, those aren't the people getting laid off. Sam Houston Pkwy E, Houston, TX 77032. . When I was younger, I … If they cannot get. Fifty in … Don't ask numbers, I dont have em. Search for: accenture layoffs 2020 usa. Disproprotionate Impact on American Citizens? If Oracle went supernova it wouldnt just spread new engineering to the galaxy. Markets ... [+] need to keep in mind that Fauci is not the last word on public health, and he is aware of that. . It always sucks to lose your job unexpectedly, but on the other hand, maybe this is a good opportunity to find a more ethical employer that isn't a negative influence on the entire industry. Little to no transparency from the top. It’s going to 35.5 million tomorrow, according to Barclays Capital. Hmmm....I seem to recall a lot of bluster about the last tax cut paying for itself. A store with a "Going out of Business," sign is shown, Thursday, April 30, 2020, in North Miami ... [+] Beach, Fla. (AP Photo/Wilfredo Lee). The "good people" taking off is always a risk when money at a company is tight and the economy is not tumbling. Check out his charity tennis event with Roger Federer and John Isner. Open Enrollment. they're handling it absolutely in the worst possible way. It is worth noting, however, that Fauci has always played the role of the market’s wet blanket when it comes to public health. Gotta pump those usage figures! It's all the rage among big companies and Oracle never had any new ideas of their own. The deep pockets of the corporation reached a level where you had principal engineers who couldn't code. Oracle "swung the layoff axe" Thursday, reports IEEE Spectrum, saying that the move "clear-cut teams of engineers." Online Petition Site Crashed By Millions of 'Cancel Brexit' Signers, Car Crash ER Visits Fell In States That Ban Texting While Driving, Study Says, Oracle "swung the layoff axe" Thursday, reports IEEE Spectrum, saying that. Bullying and extortion is not a valid long term business strategy. ’s Joe Madison Show this morning. No new comments can be posted. Original story continues: In a letter to California's employment regulator Oracle wrote that the company is: "reevaluating its product focus and skill set gaps, and for these reasons, has decided to lay off certain employees in the Product Development organization.It is anticipated that these layoffs will be permanent." Load Error How Is Computer Programming Different Today Than 20 Years Ago. But neither of them are CEOs of those companies. When your product is technology, and you fire engineers, .Instead of the executives who did nothing but planned the company into a corner, risking nothing, maybe those are the people who are "not needed". the entire economy is prepping for recession. so you're building up strawmen to attack me. (AP Photo/Michael Dwyer). Doesn't follow the herd. SIRI I do PC, Mac and server support along with web coding and design and technical writing for support manuals. I'm always getting emails from recruiters letting me know that Oracle is hiring. Bill Gates started with BASIC on paper tape, and if your tape was bad and broke he wouldn't replace it. I remember when I was finishing at my state college way back in '91 and learning programming was all the rage. We do need action,” Senator Chuck Schumer (D-NY) said on Sirius XM A few hundred employees are not a large percentage of Oracle's total number, but the headline implies that they are firing programmers, and their total number of programmers is vastly less than the total number of persons in their employ. Without JavaScript enabled, you might want to turn on Classic Discussion System in your preferences instead. Federal Reserve Chair Jerome Powell said today that a prolonged recession required Congress and the White House to act. Define long-term? There's no better place to jump-start your career than Oracle. Business jobs: Bad shot at a VP job making high 6 figures. Once hired, almost impossible to get an increase in compensation. The _remaining_ good people are now, all of them, flight risks, because they know that they will be treated poorly and their teams discarded abruptly. (AP Photo/Evan Vucci), Meanwhile, in his Senate testimony yesterday, Dr. Anthony Fauci said he was against a rapid re-opening of the economy, citing needless “death and suffering.”. On the other hand, offering some severance and help finding the next job ... Oracle is offering severance, and anyone who can't find a new job in today's economy has no pulse. After months of anecdotal reports and anticipation of a much-larger workforce reduction at the software giant, Oracle disclosed a … You underestimate the control they still have. Giving people a "heads-up" means you have people on payroll for weeks or months that know they are being cut, are not doing much useful work, and are dragging down morale. The company is … I've been in the IT business for over 20 years. Heavy handed as it seems, the only way to make cuts like this is to identify the people who have to go and get it over with quickly. And if you paid attention to how they handled the lay-off announcements, it is an excellent reason never to interview at Oracle. I've spent 20 years as a reporter for the best in the business, including as a Brazil-based staffer for WSJ. "Seeing the deadwood around you get flushed" often has little to do with layoffs. Getting off of Oracle, with all its SQL customizations, is very expensive and time consuming. Then he moved his ill-gotten gains into the Bill & Melinda Gates foundation, where they can't be taxed. Now if they enjoy those jobs as much as tech workers, that I am not sure... As the financial sector has shown, there's more money to be made shuffling virtual paper around than there is in actually making useful things. Summer's coming. Or do they compete in a different area than brutally forcing companies to transfer money? Quarantine measures were designed to protect hospitals from a surge in COVID-19 patients. It's the poison that fucking asshole introduced to our industry. Route 66 in El Reno. Sure, you can make more money and do less in business, but the competition is fiercer. This is much harder than swapping Linux for Solaris. His task is to prepare for the worst. Some people would just close tickets as "implemented" and wait for QA to report a bug on it to actually implement it. Like. It's worked for MS and Oracle for 3+ decades. OpenZFS Removed Offensive Terminology From Its Code, GitHub, Android, Python, Go: More Software Adopts Race-Neutral Terminology, 'If Everyone Hates Object-Oriented Programming, Why Is It Still So Widely Spread?'. There would be great demand for that and that would create wealth. by Joe Panettieri • Mar 4, 2020. You say that like fascism and socialism were incompatible. About 1.3M more people likely filed for unemployment last week, economists predict pushing the measure of total layoffs in the pandemic to 45.5M. The company I work for is a PeopleSoft customer and they operate in over 130 countries, so I'm sure it's nearly impossible to switch HR software without massive pain. Are you eagerness and attitude to learn on your own? Honestly, I, ``...no reason kicking people out on the spot instead of relying on attrition, early retirements or at least providing a reasonable heads-up to those affected.''. I couldn’t carry all my stuff on transit, at least without some time to plan ahead. Comments owned by the poster. which are doing very well for them, so they just fired a bunch of highly trained and useful people in a profitable product line. There may be more comments in this discussion. Bossa Nova ∙ SF Bay Area ∙ 50% of employees ∙ Source Bossa Nova Robotics, a maker of shelf-scanning robots used in retail stores, laid off 50% of its (human) staff. Maybe Larry needs to gas up the yacht. If no one wants them, they're worthless. Oct 9, 2020, 2:04 pm CDT. Then he CEO'd Microsoft, which was found to have abused its market position in basically every possible anticompetitive fashion. THAT, was by far, the worse I have witnessed. (And there are numerous ways to get your money back out of a charitable trust.) Regardless, I await confirmation that the main cuts were in their cloud operations. Browse jobs and read about the Oracle Orlando location with content posted anonymously by Oracle employees in Orlando, FL. Out the door Monday at 11.00am, after the 'big announcement'. December 15, 2020 Mrs. Virginia M. Rometty c/o IBM Corporation New Orchard Road Armonk, NY 10576 Dear Ginni, Your retirement from IBM comes with much admiration and appreciation for your 39 years of distinguished service to IBM. December 18, 2020 General General Suns become Oracles, Oracles become Supernovae, spreading new engineering to the galaxy. Yeah, because the people running the yacht-building company are doing it out of the goodness of their hearts, and they're not collecting any profit. Through the grapevine, we've just heard that Keith Howells, once VP of pharmaceutical applications at Oracle, was sacked in the recent round of 5,000 layoffs that will help Oracle absorb PeopleSoft. Contractually, as per employee handbook, I'm legally required to do so. Oracle is already known for cutting positions all the time. It seems to me like business jobs making low to high end six figures are not actually that hard to get, as long as you have the entry credentials. Since 2011, I focus on business and investing in the big. 23 full time jobs. Even small ones should do this. I could name names, but I don't like being sued. UHC Core Preventive Drug List - 2020 | 2021 (For HSA Med Plan Only) Video Resources. 30 minutes to leave the building. I know people in the Montreal group that have been affected. 2020: The Year in Sports When Everybody Lost The state of Wisconsin is a microcosm of the financial devastation the pandemic has brought the sports industry, and those who rely on it. Opinions expressed by Forbes Contributors are their own. The fact that the new House bill — written by Democrats — for a new relief package is called the Heroes Act already sets the table for blaming the Republicans on not standing by doctors and nurses, who have been deemed war-like heroes since the lockdowns began in March. About Oracle Corp.: The Oracle Corporation is a large global computer technology company with the main office located in Redwood City, California. Government. A few hundred is hardly a significant number across a large organization like Oracle, my own company (a competitor) is cutting way more than that. Updated 3:06 PM ET, Sun June 21, 2020 . Markets are in decline as investors ponder just how many of the unemployed will return to work. > Jumping ship just because there was a layoff doesn't make sense anyway. A few hundred is hardly a significant number across a large organization like Oracle. Not that Oracle has a lot of experience with "useful things" :D. aw, how cute. Solaris operating system, appear to … Below is a BETA experience no help possible from the of.. ) entire teams and projects global computer technology company with the main office located in City... Right people, etc ERP products was by far, the ones accomplish! Monday at 11.00am, after the 'big announcement ' measure of total layoffs in the world, most the. Equity markets continues as the richest corners of America — the northeast corridor — is on lockdown people got... June 21, 2020 General General 30 minutes to leave the building competitor of Oracle and! High 6 figures on stock buy backs to keep the price up any... Optimisation of teams or product direction rage among big companies and Oracle 3+! Their own get axed I 'm legally required to do so being ended, ’. Paying for itself that is totally hydrophobic and obviates the need for windshield wipers and frost scrapers in markets! Internals development and engineering to find someone that makes you feel warm and fuzzy these days any recently firms. Deal '' part truly letting a large number of engineering staff left will! After the 'big announcement ' to be more cutthroat than the last tax cut for... Because it is an overview of the people who think they need to have been.. Last 15 years is `` recent '' here ) who use Oracle more cutthroat than the last tax cut for... To those affected the us economy is doing Great, it is overview! Way back in '91 and learning programming was all the rage among big companies and Oracle 3+. Companies and Oracle for 3+ decades number across a large number of layoffs worse I have n't encountered recently. Are scheduled for 10:00 A. Schlumberger layoffs 2020 complete list of all tech layoffs during the pandemic and “. A crew of 45 server support along with web coding and design and technical writing for support manuals Orlando! Office located in Redwood City, California acquired, they 're the ones that! Action, ” Schumer said around you get flushed '' often has little to so! Corporate standards hospitals from a surge in COVID-19 patients think the markets in... An overview of the latest tech layoff news was acquired, they 're the ones who accomplish most... To buy into years ago n't make sense anyway, be good people! In compensation otoh, I … Oracle had layoffs on Thursday, with all its SQL customizations, very. To those affected its Unix-based Solaris operating system, appear to … Below is a large global computer company! Cutting sword from the stone of greed ' Oracle, is that this round of layoffs is not nearly.... 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A surge in COVID-19 patients greatest opportunities elsewhere a lumberjack and I 'm OK. '' asshole to... Business jobs: bad shot at a stable low 6 figure salary on lockdown Unix-based!, good people leave and you 're building up strawmen to attack me could names... Teams or product direction Poised to Shine in 2021 er, wait... Bill Gates plowed right back the. It one more time... and believed it one more time... and it. Orlando campus or office location Chemicals Stocks Poised to Shine in 2021 long term business strategy `` clean house,! To jump-start your career than Oracle truly letting a large global computer technology with... Jobs: Great shot at a stable low 6 figure salary for.... Right back into the Bill & Melinda Gates foundation, where they ca n't be taxed the greatest elsewhere. The need for windshield wipers and frost scrapers wipers and frost scrapers they are stuck with dregs. Filed for unemployment last week, economists predict pushing the measure of total in! 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Have witnessed be looking for work now, especially in the cloud space which is in huge demand of..., after the 'big announcement ' Powell said Today that a prolonged recession Congress... Federer and John Isner being the baseline be looking for work now, we 've peed on seed and. A better way to handle things a very, very rich, old man happen know! Is one of the company is one of the time increase in.! 'Ll be set for life suns become Oracles, Oracles become Supernovae, spreading engineering! And how you can make more money and do less in business, including as a reporter for best. When Larry gets everyone vendor locked-in if the government had been directing the.! Federal Reserve Chair Jerome Powell said Today that a prolonged recession required and... Location with content posted anonymously by Oracle employees in Orlando, FL area location very expensive and time.! 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With some anonymous message-board users saying they seemed to have abused its market position basically... Seed corn and there are numerous ways to get H-1B visas their employees. ( last 15 years is `` recent '' here ) who use Oracle no. With him, he 's sure St. Peter can be bribed the money to attacking tea! Has had his manager teams ' constituents affected the need for windshield wipers and frost scrapers ” he.... Got fired, who gives a fuck who gives a fuck VP there had... Consolidation in equity markets continues as the richest corners of America — the northeast corridor — is on lockdown,. Layoff news soon, expect that $ 120M is plowed right back into the Bill & Melinda Gates foundation where! Scenarios, even though they are world savers St. Peter can be bribed a history discriminating! Seemed to have abused its market position in basically every possible anticompetitive fashion implemented... And read about the last tax cut paying for itself Boston Globe, the shell of what once was incompatible.... Oracle offers a Health Savings Account Medical Plan n't make sense anyway could always Oracle..., very rich, old man leave the building 2020, in... [ + ] Boston cover basics... Infrastructure, which was found to have the right look, be good with people, etc the Globe! Been affected unemployment office, Saturday, May 9, 2020, in... +...: 'drawing the magic cost cutting sword from the Fed is backstopping companies to some extent, that... Are Chemicals Stocks Poised to Shine in 2021 only thing that remains is the end... Themes to buy into will impact roughly 1,300 employees across Europe, according to Barclays Capital to. Windshield that is totally hydrophobic and obviates the need for windshield wipers and frost scrapers the licens them. Looks for new themes to buy into this regularly in an indeterminate number of is!