Slashdot Mirror
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.
That's a false choice. What's better is having 4 managers making 200K/year. The only reason that didn't happen was Obama shat all over the recovery with Obamacare and his pen and paper regulations. Senior level engineers have been stuck where they are for 8 years, and millenials who have graduated in that time and would have been managed by the new MBAs have been unable to even join the work force at all. Now that Obama is gone and his policies are going in the dust bin of history, we are seeing 3% growth rate in the economy. At 3-4% a year in 2 years we will have doubled the 1% average growth rate under Obama. In 4 years the economy will have grown roughly 14% or 160% more than the 8 years under Obama. If we get 8 years of Trump growth, we are looking at between 27% growth and 37% growth, or about 470% of Obama's measly 8%. This is nearly the exact same thing we saw in the Carter and Reagan years. Garbage economy under libtard Carter and then booming economy under Reagan.
I know the liberals out there, and they are going to point to Clinton. Well, please remember that Clinton was tanking the economy for his first two years and then was dragged kicking and screaming by the republican house and senate super majorities (Clinton's pivot) to enact conservative legislation like welfare to work that eventually lead to a budget surplus and a booming economy... https://en.wikipedia.org/wiki/... The economy under Bill Clinton had nothing to do with him other than his willingness to admit that the American people did not want his liberal policies and signing mountains of common sense, conservative legislation during his last 6 years.
If you disagree, please post your argument. (-1, Overrated) isn't your personal censorship tool for views you don't like
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.
'The Economy' is a giant Ponzi scheme whose most pitiable suckers are the youngest among us and the yet-unborn.