You will never get a better chance on those RSUs that vest over the next few weeks.
Topics regarding layoffs at Oracle Corp.
Was there any mention of the cloud ARR on the call? This is the only number that matters for the future of oracle. Was I asleep or did the 3 stooges just happily skip past it?
Let me see, in the last 12 months oracle bought back 734 million shares worth $36 billion - is that right? That’s a staggering amount of money to waste on oracle stock! Desperate!?
Hi, How much is the average bonus per year for Oracle Cloud Solution Engineers? I know the base salary is $60k. Thanks in advance.
"Sales of Oracle’s servers declined 11% in the period. Catz said the company has chosen to “downsize our low-margin legacy hardware business,” which Oracle acquired when it bought Sun Microsystems." Very sad to see a wonderful company the victim of... read more
I almost fell out of my seat when I heard that! I would love to know how many of those trials are real. My BDC use to sign up anyone with a pulse including college interns and people that had absolutely no decision making power to influence any type... read more
did he just say that Support shrunk 25% and netsuite grew 27% ? Is that a dollar value offset and what impact does support shrinking 25% have? Did he mean that?
Let's put aside our differences in opinions for a moment. I know there are those of you laid-off here and are unreachable. Most of the posts/predictions here are decidedly garbage. This message is for those who are on both sides of the fence. Oracle... read more
Still holding mine since 2010... Buybacks, a decent dividend, and tons of engrained relationships with Fortune 500 companies means there's no way this stock is going to drop 20% in the forseeable future. Think Wall Street will like the partnership... read more
Ravello / Israel - small cuts: US tech giant Oracle is laying off dozens of Ravello employees in Israel, sources have told "Globes." Ravello's development center in Israel has 70-80 employees, more than half of whom have been summoned to pre-layoff... read more
Ouch! It’s a rare feat for a company to get down carded the day of the earnings call, but oracle managed to pull it off. Impressive!
It makes me laugh how negative some of you guys are on here. All I can say is that in the UK and EMEA there have been plenty of new hires and promotions in the Consulting Sales org and the Retail and Hospitality GBUs. I really don't see the doom and... read more
Oracle acquired Ravello in 2016. The company provided a VMware to public cloud migration solution. They have been part of OCI since working on VM stuff and migration. About half the people (40-50) have been given notice.
No major layoffs this past week, total since 6/1/2016 remains at 24,186. Keep looking folks, keep looking.
IC4, OCI, Seattle 8.5% Salary 10,000 RSU How did you all do this summer?
Oracle had recent restructuring with VP and Low level positions. So why Its still incompetent? Oracle requires a heavy restructuring in its Middle Management layer with Senior Directors, Directors , Senior Managers, CMTS positions. Most incompetent &... read more
Let me start.................................................nope. Nothing comes to mind. Anybody else?
How is Oci Bayarea compared to Seattle?
https://www.barrons.com/articles/mark-zuckerberg-jamie-dimon-and-other-best-ceos-in-the-world-51560565041?mod=past_editions Jeff Bezos, Larry Page, Satya Nadella, etc. No SC or MH even they’re each paid more than all of the others on the list.
Aren't these normally handed out after annual evals in the fall? Anyone confirm or deny they received raises?
Can any one tell me what is the average pay increase, bonus and Rsus this year for oci engineers.
According to Business Insider: Oracle has revoked offers for some people in the U.K., blaiming a hiring freeze. Way to go to get good publicity and great general goodwill. You guys still think oracle is doing great?
A long time employee here. Maybe this will come as a shock to the youngsters, but believe it or not, this used to be a great company back in the day. Not in my wildest dreams I could have imagined that it could sink to this level. My point is, that... read more
Today in the cafeteria some group of people were discussing the possibility of massive layoffs in the month of September in the dynamic org that is most discussed in this site. Actually that's the only topic most of the people are talking about these... read more
A sub culture of self loathing sprung up, that only people from the outside or young blood could fix Oracle. The Seattle folks (and there are others) stepped into the vacuum and ran with it. As with anything in the tech industry, demographics are... read more
Upvote = Happy; Downvote = Not Happy
This site is for people to discuss layoffs and share rumors. Being what it is I see no need for all the hateful posts when people discuss potential layoffs. People are trying to prepare for uncertain times in the midst of a gigantic reorg where the... read more
When Thomas Kurian, a high-profile former Oracle executive, left the software company last September, his peers at the database software company expected Oracle to replace him. But Larry Ellison, Oracle’s co-founder and chief technology officer, had... read more
Never heard in my entire life some one getting demoted at Ora. That too at Sr VP levels. Is it an indirect way of telling, "Bro, I don't like you and I don't want to throw money giving severance. Please do a favor for yourself?" I feel very sad for... read more
Soon it will be the earning call and we will get to know how much of the predictions here are true and how much of it is just random trashing.
Someone posted this a while back, but I hadn't looked at it until now. Here's the whole list from: https://www.jimcollins.com/concepts/five-stages-of-decline.html I think we are at the end of stage 4..... last thing that is being done is propping up... read more
Oracle is already dead. It just doesn't know it yet. Post ID: @ZvZBJEW-qqt LOL.... the legs are still kicking in the empty air...... it's all over with folks.
I've been in tech for nearly 40 years and this is nothing new. Most tech companies have the stability of fulminated silver and are one technology shift away from become the next Studebaker. Oracle is big enough that they can absorb a pretty good... read more
I don't get why we are laying off people in support? It takes long enough to get SR's assigned and worked on and that's with the people they have. I suspect they are getting ready to acquire and will be leveraging that to augment and backfill support... read more
VP HS has left for Google. No doubt following AZ.
The Information has new article on Oracle's wonderful leader and his renewed vigor for life and continuing to lead Oracle to victory https://www.theinformation.com/articles/larry-ellison-returns-to-war-and-diaper-changing? So everyone who hopes not... read more
I was laid off a few years ago and interestingly they now have asked if I would like to come back. I find that a bit ironic. If I was to go back am I just setting up to get laid off again?