Oracle Finally Decides To Stop Prolonging the Inevitable, Begins Hardware Layoffs (theregister.co.uk)

Shaun Nichols, reporting for The Register: Oracle is starting layoffs that will hit its hardware division, The Register has learned. Current and some soon-to-be former staffers have whispered that the database giant is shipping out packages containing the paperwork for ending their employment. The workers have received alerts from FedEx that the packages, which will need to be signed for, are en route for a September 1 delivery. "One of my co-workers emailed that he received a notification from FedEx of a label created by Oracle America, Inc," writes one anonymous employee. "I just checked and a label has been created for my home address. This is in the US. Looks like Friday is it for Sparc MicroElectronics." The layoffs are hardly a surprise, given the performance of Oracle's hardware unit as of late. In the last financial year, Oracle reported hardware revenues of $4.15bn. By comparison, in 2016 the unit logged hardware revenues of $4.67bn. In 2015 it was $5.2bn, and 2014 saw $5.37bn.

Comments

Re:In some ways this is good. Better utilization.

[jenningsthecat]

We're now doing a lot more with a lot less.

"We", Kimosabe? The folks losing their jobs will be doing a lot less because they now have a lot less, unless and until they find other jobs with equivalent pay. Of course those at the top will be doing a lot more with a lot more, and the newly unemployed people can surely take comfort in that while they're struggling to make the next mortgage payment, right?

... a net win for society...

Still subscribing to that ol' trickle-down theory, are you? Heck, even the bastards at the IMF have finally realized that it's bullshit.