Stock buybacks last but so long. Surely the Covid crisis along with other internal Oracle issues will reveal the truth about a corrupt, greedy organization led by incompetent executives (Hurd, Donato and of course, Katz) hell bent on keeping their... — read more
Topics regarding layoffs at Oracle Corp.
This site is a great place to triangulate rumors. You can tell which ones are correct in retrospect because some of the events are confirmed in that rumor. Another way to tell is that the rumor comes from multiple sources. A third factor is some... — read more
1 Oracle is issuing unsecured bonds (debt, borrowing) and its credit rating is downgraded https://seekingalpha.com/news/3556376-oracle-sees-credit-downgrades-amid-substantial-debt-sale "It plans the proceeds for general purposes, which could... — read more
MH is gone. Just hard to recover from a decade of damage.
DJT has reportedly been relying on LE for covid pharma advice. Oracle will develop a database to collect anecdotal reports about antimalarial use against covid. Get more cloud customers, too. LE has been invaluable since his fundraiser. Oracle should... — read more
Oracle is not a retail outlet. We can conduct business as usual remotely. Literally no different. If you do most of your business via phone/internet with limited to no on site visit visit to customers, than it's business as usual. The virus... — read more
Do you think they will furlough us? Or at least some of us? The schools will likely be closed through the end of year, so you are looking at parents who will have to stay at home. On top of it, if we follow the Italian path, stuff will get worse... — read more
Dear [Employee name], Due to the overall economic impact of Coronavirus (also known as COVID-19), [COMPANYX] is implementing measures to protect the financial stability of our company. Due to this, we will have to undertake difficult... — read more
An email was received this morning saying a someone from Austin office got tested positive and they’re closing the office immediately. Anyone knows if it was someone traveling or due to community spread?
Just curious if anything is selling now - no customer/client contant, no travel, are we selling anything
All that money was spent to reduce the number of shares, so that earnings-per-share increased, because that is what the exec bonuses were based on. Under those incentives, management decided it better to spend it that way than, for example, actually... — read more
The tide is out and now we know who's swimming naked.
No major layoffs this past week. Total since 6/1/2016 remains at 26,376. Be well everybody and let’s hope for the best in these challenging times.
Is this a strategy to avoid layoffs by having k–loffs instead? Santa Clara County has banned gatherings of over 35 people, including cafeterias. Denver has declared a state of emergency. Boston is a coronavirus hotspot. Austin cancelled the... — read more
ORCL stock options are worthless and OCI colleagues are spreading viral contagion around the campus. Seattle schools are closed, but the OCI worker bees are still packed like sardines in their little workspace.
Oracle will provide some new insights into the state of global enterprise-software demand and the impact of the corona virus, when the company reports financial results for its fiscal third quarter ended February. Stock market should be expecting... — read more
for LE to retire. If this happens, we stand a chance.
Every other company is doing it. Maybe the idea is that if employees get sick, it will be a cheap way to reduce headcount. Thankfully none of my customers are requiring in person meetings since all of their staff is now working remotely.
Oracle is planning to cut 2000 people in EMEA. CSM/CSE, Digital Sales and more.
No major layoffs this past week. Total since 6/1/2016 remains 25,376. More layoff on the way, including in Europe and US. Keep looking!!!
Winning strategy = fire 920 people Eliminate EMEA PaaS/IaaS CSMs (the opposite of every other cloud provider on the planet) Eliminate CX and HCM Business Development teams; centralize everyone else in Ireland and Egypt Reduce EMEA SaaS... — read more
Wasn't this Oracle Design effort under the Seattle boutique design shop duo supposed to save SaaS and the rest. Senior Execs went about blaming UX for lost details to WorkDay in partic. Was it all BS, typical Oracle By Design? If it smells fishy... — read more
I remember standing in front of the crowd of CX Pre Sales in Malaga. And doing training how to win against Salesforce! The problem? When I asked the room (20 -30 people) If they want to know Why Salesforce is overselling CX in 9/1 they... — read more
And I'm positive this time will be no different. Some of the critical positions are always cut, some of the best employees shown the door. Nobody actually sits down to think about what that will mean for the company in the long run. And then... — read more
The industry and the Oracle customers should know the real reasons of the ongoing decline (of the Oracle empire) and these resulting headcount reductions ... These reductions and reorgs will NOT bring about any change at all, if the Mexican army... — read more
According to this https://www.cnbc.com/2019/12/05/oracle-shows-buybacks-can-go-too-far.html Oracle has spent in buybacks 41B in just the last 5 qrtrs, much more than the 10B/Y figure. Actually, Oracle has turn to debt to fuel the buybacks... — read more
The Irish Times reports that it learned from workers at Oracle’s Dublin offices that the tech giant will eliminate up to 1,300 positions in Ireland, Holland and Spain. Oracle has been restructuring its workforce dramatically over the last year as it... — read more
No coherent go to market strategy in most lines of business, infighting over who owns an account rather than equitable account alignment across the whole business (field and inside sales), SE resource only for renewal accounts, virtually no market... — read more
Dear colleagues, on January 27th 2020 the European Works Council (EWC) has been notified by European management that they are planning transnational changes that might lead to a significant reduction in force. These kinds of plans require the... — read more
Honestly. If Oracle can't win awards for cloud technology, surely they can win the award for strategic and "quiet" layoff strategies. As Oracle's position in the marketplace and lackluster sales continue to go down in flames, they are slowly and... — read more
Any opinions? Discuss it here?
No major layoffs this past week. Total since 6/1/2016 remains at 25,376. Keep looking, nothing good on the horizon!
Does anyone know smt about the big reorganization in OD? I mean CX and Fusion Applications...