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Oracle Dumps PeopleSoft Employees
curtain writes "The first move in Oracle's dismantling of PeopleSoft has begun. The cuts will affect about 9% of the 55,000 staff of the combined companies.
From the article:
"We're mourning the passing of a great company," Peoplesoft worker David Ogden as saying. Other employees said they would rather be sacked than work for Oracle."
1 (5 to 6-pound) brisket, trimmed but left with a layer of fat about 1/4- inch thick
6 tablespoons House Seasoning, recipe follows
3 tablespoons chili powder
1 1/2 teaspoons brown sugar
1 1/2 teaspoons onion powder
1 teaspoon dried oregano
1 teaspoon cayenne pepper
6 cups hickory wood chips, soaked in water for 30 minutes
Rinse brisket thoroughly under cold water and pat dry with paper towels. In a small bowl, mix together House Seasoning, chili powder, brown sugar, onion powder, oregano and cayenne. Rub brisket with the rub on all sides.
Follow directions on your grill/smoker for indirect grilling. Place the soaked chips into the chip box, or make a pouch with tin foil for the chips, then place pouch directly on the coals. Place brisket fat side up in a large disposable aluminum pan and place in the center of the grate and cover the grill.
Slow grill the brisket until tender and an instant-read thermometer inserted in the center of the meat reads about 190 degrees F, about 6 hours. Add coals and wood chips as necessary to maintain a constant temperature. Transfer the brisket to a cutting board to rest for about 10 minutes. Slice the brisket across the grain and serve.
House Seasoning:
1 cup salt
1/4 cup black pepper
1/4 cup garlic powder
Mix ingredients together and store in an airtight container for up to 6 months.
I used to be irritated by this too, but it's probably not realistic to expect anything different.
"Wall Street" isn't some conglomerate of business people who sit around making decisions on whether or not company X deserves "reward" or some "punishment" for their latest business moves.
A company's stock simply moves up or down based on the "knee jerk reactions" of the majority of people holding shares when anything changes in the company.
Of course, this is obvious - but sometimes it's easy to lose sight of it when you hear all the debate/discussion by "Wall Street analyists" on the news. They're sort of like weathermen; making the best predictions they can based on what's happened in the past and what they observe. But ultimately, still not too much better than random guessing if they're projecting more than 1 or 2 days ahead.
If you could somehow *require* all stockholders to keep their stocks for at least a couple years before selling, then you'd see people thinking more "long-term". But things like "job cuts = profit!" are a result of shorter-term thinking. "This move means my stock is goin' up so it'll be ready to sell next month!"
Most people who make the purchasing decisions are management types who buy the software from the guy they get good stuff from(NFL tickets) or play golf with. Do you remember the last time a programmer was involved in making any such decision?
At the University of Florida, "PeopleSoft" has become the catch-all excuse for grad students and staff not getting paid, for payments coming from the wrong account, underpayment, etc. This transition has been going on for nearly a year now, and there is no end in sight. There is some problem with either documentation/training, there are too many institution having trouble with this software.
word.
First, the initial hostile takeover announcement was made in June 2003, not 2002.
Second, PeopleSoft did not freeze hiring; in fact, they were madly trying to hire developers right up to the date the merger was announced in December 2004. At which point no one would show up for interviews any longer.
Third, Oracle announced long ago that they would likely lay off 6,000 people, so the current round is less than initially announced. Not that they won't lay off a few more as time goes by.
Fourth, I'm sick and tired of hearing how such and such policy or practice is "sad." It isn't sad, it just is. That really says more about the writer than the situation. It means youre just complaining about a situation and actually have nothing to say.
Me, I left PeopleSoft for a better job elsewhere rather than work for Oracle.
My father-in-law, who was very worried about losing his job, will be able to stay. He's part of Oracle's new CRM division, which was part of the PeopleSoft deal.
Oracle's new CRM software came from PeopleSoft; before that, it was Vantive; before that it was Systar; before that it was Scotch-Bonnet; and before that it was Mobius. My father-in-law has stayed at the same desk for fifteen years, and worked for six different companies, including Oracle. He's a real 90s kind of guy.
-- The reason it's called the right wing? Irony.