More likely it would be a lagging indicator, rather than a leading one. Companies will close plants and offices with same delay on the onset of a recession (itself defined formally as two consecutive quarters of negative GDP growth).
You're really only going to see large publicly traded companies reporting that way, and by that measure all those numbers are small in comparison to the size of those companies. Sucks for people getting the boot but I wouldn't think there is any indicator there. Those types of companies lay off people every year.
Keen.io secretly laid off a large amount of staff recently across-the-board. They provided severance in exchange for fresh confidentiality agreements. Here are some examples of the various people and departments affected by the lay-off and all let-go simultaneously:
Telefonica (10th telco globally) is firing people in the wholesale/global solutions areas. Not just in Spain, also in the US, Brazil, Argentina, etc...
The layoffs continue at Oracle, specifically in Hardware ("converged infrastructure" too), as our HW revenue has shrunk from 5b per year in 2010 to 1.7b roughly this year.
Margin had dropped drastically as well, from 1.9b in profit to -45m (!) in the same time period. All data taken from our public SEC filings.
While this doesn't truly affect Oracle and its stock that much, our overall revenue continues to shrink globally. As such there have been thousands of people who have been laid off in the past two years, some silently, some in the WARN act.
Countless others have seen their roles relocated to India and Romania, which helps the company save on salaries, benefits, and commissions. By lowering cost of sales by hundreds of millions USD, the company has maintained its margin of roughly 30% per year.
But the layoffs will continue, and if the "Enterprise Hardware amd Software" market ever truly does ship out to the cloud, it probably won't be Oracle that is there to service those customers.
: many of my friends are Indian and Romanian and I am very glad they have decent jobs in their countries. I do not share the xenophobic sentiments of many of those who resent those countries that are receiving jobs from laid off roles in the US
Great, thank you! I'm glad to hear it. I'd say in the last 3-4 years, the number of Romanian employees has grown from 1-2k to 5-7k. Of course I could provide official numbers, but Oracle sues its own employees on a daily basis :)
I apologize for the very late delay on this response.
Of course someone should be unhappy that their CEO and Board of Directors has made a decision to lay them off in the USA explicitly because of salary costs, instead of performance or some important cause.
The reality is that this is the right of a private company- all you can do is attempt to navigate the deeply illogical and political system that we call the private sector.
Deciding that you should hate someone you've never met, because of their skin color, national origin, etc, because you think that THEY PERSONALLY took your job, is not logical or enjoyable in my opinion.
One should always blame the company, an artificial and greedy machine, not a fellow human, which is an organism driven by self preservation no matter the country of origin
How much xenophobic sentiment is there within tech workers themselves? I would think very little because most people in the industry are smart enough to understand that would be misdirected.
I generally agree with you, but I would say if the tech industry as a whole was like a muscle that appeared empathetic and understanding of cultural differences, there would be a thin nerve of xenophobia that controls some of the major movements of said muscle.
Why do I say this? It is a bit inherent for Americans to believe their job is theirs alone if they are performing adequately. If you are laid off, especially in sales, and then the company goes and spends money to hire someone in India or Romania, a xenophobic person would blame that new employee for existing. They wouldn't blame the company for making an unprofitable and often unethical move.
Firing is usually "for cause": you, specifically, did something wrong or aren't performing well.
Layoffs are usually more related to business conditions: the company is losing money and needs fewer employees, or is pivoting in a different direction and no longer needs certain types of employees.
All that said, it's called "Who's Firing" because it's pithier and matches the "Who's Hiring" threads; these comments are all probably layoff-related.
27 comments
[ 3.1 ms ] story [ 80.0 ms ] thread[1] https://en.wikipedia.org/wiki/Worker_Adjustment_and_Retraini...
AT&T - 102 - San Ramon
Atmel Corporation - 45 - San Jose
Atmel Corporation - 14 - San Jose
Atmel Corporation - 9 - San Jose
Broadcom - 64 - San Diego
Broadcom and Avago - 771 - Irvine
Broadcom and Avago - 435 - Santa Clara
Broadcom and Avago - 48 - San Jose
Cisco Systems, Inc. - 899 - San Jose
Cisco Systems, Inc. - 42 - San Jose
Cisco Systems, Inc. - 25 - San Jose
DreamWorks Animation and - 226 - Glendale
DreamWorks Animation and - 170 - Glendale
Ericsson Inc. - 435 - San Jose
FireEye, Inc. - 80 - Milpitas
GoPro, Inc. - 138 - San Mateo
Google - 104 - Mountain View
Google Inc. - 94 - Mountain View
Hewlett Packard Enterprise - 258 - Palo Alto
Hewlett Packard Enterprise - 208 - Sunnyvale
Hewlett Packard Enterprise - 143 - Citrus Heights
Intel Corporation - 84 - Santa Clara
Intel Corporation - 54 - Santa Clara
Marvell Semiconductor, Inc. - 139 - Santa Clara
Marvell Semiconductor, Inc. - 20 - Aliso Viejo
Marvell Semiconductor, Inc. - 12 - Folsom
Motorola Mobility LLC - 58 - Sunnyvale
Motorola Mobility LLC - 9 - Santa Clara
Oracle America, Inc. - 441 - Santa Clara
Ricoh Electronics, Inc. - 147 - Tustin
Seagate US LLC - 70
Sony Computer Entertainment America - 40 - San Diego
Symantec Corporation - 84 - Mountain View
Symantec Corporation - 77
Symantec Corporation - 23 - Mountain View
Symantec Corporation - 3 - Mountain View
Synaptics Incorporated - 77 - San Jose
Twitter, Inc. - 67 - San Francisco
Western Digital Technologies, Inc. - 59 - Milpitas
Xerox Business Services - 19 - Irvine
Xerox Business Services, LLC - 11 - Irvine
Also Verizon, VISA and others...
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Tech Writing and Dev Engagement
Margin had dropped drastically as well, from 1.9b in profit to -45m (!) in the same time period. All data taken from our public SEC filings.
While this doesn't truly affect Oracle and its stock that much, our overall revenue continues to shrink globally. As such there have been thousands of people who have been laid off in the past two years, some silently, some in the WARN act.
Countless others have seen their roles relocated to India and Romania, which helps the company save on salaries, benefits, and commissions. By lowering cost of sales by hundreds of millions USD, the company has maintained its margin of roughly 30% per year.
But the layoffs will continue, and if the "Enterprise Hardware amd Software" market ever truly does ship out to the cloud, it probably won't be Oracle that is there to service those customers.
: many of my friends are Indian and Romanian and I am very glad they have decent jobs in their countries. I do not share the xenophobic sentiments of many of those who resent those countries that are receiving jobs from laid off roles in the US
Of course someone should be unhappy that their CEO and Board of Directors has made a decision to lay them off in the USA explicitly because of salary costs, instead of performance or some important cause.
The reality is that this is the right of a private company- all you can do is attempt to navigate the deeply illogical and political system that we call the private sector.
Deciding that you should hate someone you've never met, because of their skin color, national origin, etc, because you think that THEY PERSONALLY took your job, is not logical or enjoyable in my opinion.
One should always blame the company, an artificial and greedy machine, not a fellow human, which is an organism driven by self preservation no matter the country of origin
Why do I say this? It is a bit inherent for Americans to believe their job is theirs alone if they are performing adequately. If you are laid off, especially in sales, and then the company goes and spends money to hire someone in India or Romania, a xenophobic person would blame that new employee for existing. They wouldn't blame the company for making an unprofitable and often unethical move.
Now seems everyone using it Interchangeably.
Layoffs are usually more related to business conditions: the company is losing money and needs fewer employees, or is pivoting in a different direction and no longer needs certain types of employees.
All that said, it's called "Who's Firing" because it's pithier and matches the "Who's Hiring" threads; these comments are all probably layoff-related.
I don't believe these threads contribute to any discussions on this website. They are deliberately created as a joke.