Hearing 20% of Oracle. About 25-30k employees. That's a big RIF.

It's been rumored for a while but this is first time I've heard it from employees (friends). I thought Oracle waited until end of May (Q4 for them) to do these kind of things.

Hate to see that. I hope your friends survive it.

They've suffered a pretty big drop off their 52wk high, ~60%, so I'm not surprised.

Oracle LAYOFFS are here:

Formal layoffs have happened among NetSuite in Canada, and there are reports of layoffs in Mexico.

US workers are expected to get the email around 8am EST.

— Amanda Goodall (@thejobchick) March 31, 2026

One of my friends got an email at 6am this morning.

Related...we've had a couple SaaS vendors reach out in the last several weeks with long term contracts and pricing incentives where that hadn't been their model before...they wanted to be monthly/per item.

AI is changing the game for these vendors - it's so disruptive.

One offered a 3 year contract, the other a 2 year contract and both about 70% of their average pricing.

I went back to the 3 year vendor with 6 months @ 50% of our existing pricing and the 2 year vendor with 6 months @ 70%. First agreed, second countered at 1 year @ 50% - we agreed there but gutted the early termination fees/penalties.

It's a wild time for these vendors.

Ramp to $50Bn in Capex on $65ishBn in revenue. Oracle will absolutely be a case study in 10 years, if it's a good or bad case still remains to be seen.

Is your company taking the discounts or still weighing options generally?

We'll take the discount now and probably end up with cheaper or home grown products on expiration.

Good to know that new CFO can make heart emojis as she laughs all the way to the bank.

infinity ag said:

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Good to know that new CFO can make heart emojis as she laughs all the way to the bank.

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Oracle always overpays the c-level. Generally in top 10 overall.

Sounds like another round is coming for Big Red.
It's all over the internet.
Good luck to my O-friends.

Roll the Bones said:

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I was just laid off today after 30 years at Ericsson. Still numb.

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Very sorry to hear

Sorry to hear this

Roll the Bones said:

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I was just laid off today after 30 years at Ericsson. Still numb.

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So, one entry on that dusty resume. I'll do you a solid. Connect with me.

Roll the Bones said:

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I was just laid off today after 30 years at Ericsson. Still numb.

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Sorry you're going through this, man. Are you in the Plano office?

Yep, Rivers building.

Roll the Bones said:

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Yep, Rivers building.

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Sux, man. I hope you find something soon and can double dip. How bad was the carnage?

Plenty of us have been there. I'm in transiting right now as well.

If you were in North Houston I'd HIGHLY recommend "Between Jobs Ministry." You might reach out to them and see if they have a reconnaissance for a similar organization in the Plano area.

I was laid off in August after 14 years with Plains All American Pipeline. Didn't see it coming. Was gearing up for a super busy second half of the year. Feels so strange not working.

My position is going away next July. My last day will be July 31, 2027. I've been with my oil major since leaving A&M. I'll have 26 years when I leave. Although it's 10 months away, it's hard to comprehend. This is due to a business/asset divestment, and I've chosen not to go with the private equity buyer. I'll start my search Q1 next year. Sobering.

I do qualify for the 70-Point Pension Plan (typically 80 points unless it's due to a divestment), but way too young to retire.

Oracle had another big layoff on Monday.
I heard another 10-20%.
AI is gonna kill the job market.

I will tell you that this is like a prison sentence. I'm in a similar position. I was notified 6 months ago that I was separated due to an acquisition. My separation date is still 4 months away. Thousands have been laid off at my company with probably 85% already separated. I have tried twice unsuccessfully to advance my separation date as there is no reason for me to still be held. However my manager refuses to let me go early. Second request was literally to advance my date 6 weeks (I would have held on for over 8 months since being notified.) I've secured a position but need to start in 2026. My current employer is refusing to let me go in 2026. I believe they are just purposefully making my life difficult. It's beyond painful.

Golden handcuffs with a year severance. But only a few have been held on for this long. Most have got their severance by now.

Man, that is a special kind of suck for sure.