Take a deep breath. It’s Friday. I’m Jordan Parker Erb, and today I’m taking you inside the “complete chaos” at Oracle as layoffs and restructuring roil the database giant.

Let’s get to it.

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1. Oracle insiders describe “complete chaos” from layoffs and restructuring. Earlier this week, Oracle began a sizable layoff, potentially impacting thousands of employees — and those who haven’t yet been laid off are scrambling to figure out whether they’ll be next.

The hardest-hit units, current and former employees said, were in the marketing and customer experience divisions. Some marketing teams have seen their headcount slashed by anywhere from 30% to 50%. 
In some cases, they said, managers were given the choice of who would get cut, while others had no say in how the layoffs would affect their teams.
The Advertising and Customer Experience team was said to have been cut, too. “The common verb to describe ACX is that they were obliterated,” one employee said. 
This leaked org chart shows Oracle’s cloud leaders after the company’s major organizational changes.

A look inside Oracle over the past week.

In other news:

FTC chair Lina Khan

2. The Federal Trade Commission is deepening its investigation into Amazon’s Prime sign-up and cancellation process. The FTC sent out subpoenas and other demands for information after Insider reporting. Here’s our scoop on what’s going on.

3. Axed “Robinhoodies” say they were tipped off to layoffs weeks ago. Former Robinhood employees said they saw signs of belt-tightening — including plans to shrink office space — long before the company laid off 23% of its staff. Five former employees took us behind the scenes.

4. Elon Musk’s countersuit against Twitter says the company is operating a “scheme” …read more

Source:: Business Insider

      

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