At approximately 10 a.m., I’m told, just five hours after that email, the layoffs began—and according to anecdotal reports included significant cuts within at least part of that stronger-than-ever, bright-future cloud business. Those affected were given 30 minutes to turn in company assets and leave the building, and were told that Friday (today) would their last official day.
“The morning felt like a slaughter,” one Oracle employee told me. “One person after another. People who have shaped me, who’ve been instrumental in my own success, who are good, smart, capable, wonderful. It’s been a terrible day. A company’s most valuable asset is the people it employs. Today’s cuts leave me to wonder if Oracle will ever realize the mistake it has made in letting these people go.”
And, that employee said, the layoff process was handled very badly, with entire teams being ushered into conference rooms as groups and told that they no longer had jobs. This employee indicated that technical teams, particularly those involved in product development and focused on software development, data science, and engineering, seemed to take the biggest hit.