Not a wet eye in the house
Topics regarding layoffs at Oracle Corp.
Ok, having two CEOs was stupid and expensive, but now we hear that O will have a single CEO - SC, which is id–tic. Welcome to management by spreadsheets by somebody who has no experience with either technology or sales. The O strategy is to milk... — read more
Oops! Not a good quarter, stock down
So Oracle is moving OpenWorld to Las Vegas starting 2020. Says SF too expensive and sordid. (Or is it no one wants to pay much to go to an Oracle user conference any more but O Hope's the Larry Lovefest will draw if there is gambling and vice on... — read more
Is there any confirmation on this rumors? I have heard some people were verbally offered but, has to wait until January if the job offer stands. Especially in North America OCI
CR's central support group was divided into separate orgs now with product dev teams - no wonder RS left ! Seems there isn't going to be a replacement EVP. ACS moved to the chief customer officer org under JE. Let the games begin....
Now is the time to make a move to another company. Right now people are finding it easier to move because companies have fewer choices. I know someone in management who went to a single company, passed through all levels of interviews quickly and... — read more
No major layoffs this past week. Total since 6-1/2016 remains at 25,276. Keep looking folks, keep looking, no future in staying at O.
CR, EVP Support, leaving 31-Dec.
https://www.cnbc.com/2019/12/05/oracle-shows-buybacks-can-go-too-far.html The multiyear buyback binge cost more than a third of today’s market value for Oracle and has pushed the company into net debt despite sporting $35.7 billion in cash and... — read more
I moved out of oracle and my current workplace is considering this as an open source function as service solution on openshift. I am wondering if this is dead and the people working on it mostly gone or the project still alive and thriving
It will good for his pocket $$$ at the end. What do you think? Why not, everybody else do it. Smarter :-) http://www.msn.com/en-ca/news/world/google-co-founders-step-down-as-execs-of-parent-alphabet/ar-BBXINsk?ocid=ientp
No major layoffs this past week. Total since 6/1/2016 remains at 25,276. Keep looking, keep looking
I've been laid off in 2017 in the layoff wave in Europe. Now I was contacted by individuals claiming in no uncertain terms that there is an open position at my previous job (they did provide details that only Oracle would know) and if I'm interested... — read more
Total rumor: someone leaked information from an executive brainstorming session where the selling off of old technologies was discussed. Fusion apps, the whole telco stack, all the old financial apps, surrendering the cloud war and focusing on... — read more
A people hire B people. B people hire C people. C people hire D people. D people hire F people. F people have to hire someone, so they divide their groups into those who can and those who can't. Those who can't become the boot-lickers... — read more
Well here we all are at the end of another block-buster Oracle quarter.... or are we? How did the quarter go? Are all web apps suddenly working seamlessly with one another? Have the customers suddenly stopped hating Oracle and are now begging at... — read more
About 10 laid off fro. OCI this past week. That brings the total since 6/1/2016 to 25,276. Keep looking and Happy Thanksgiving to everybody who celebrates it!
This maybe useful, almost all of the cos listed are present in the Bay Area: Company name: Docker Headquarters: San Francisco Funding through 2018: $180 million in 5 rounds Company name: Cloudera Headquarters: Palo Alto... — read more
Yesterday was my last day at O, it finally happened and it was bound to happen. I have to be honest, it fell good. I started back in OCI-C and I really liked my job, that of course changed when the first mass layoff happened in march when Seattle... — read more
RIF happening today (11/19), unsure of scope, small team in OCI already got the news. More to come. Post ID: @126YylPZ-zfg Any more info on this? Location? Group?
Todays Stockholder meeting was shocking and disturbing. This year the company chose to only provide audio coverage. Not surprisingly, the 2 stooges and the rest of the Board did not approve the stockholder proposal regarding full transparency in... — read more
No major layoffs past week. Total since 6-1-2016 remains 25,266. Keep looking. Holidays always good for connecting with old friends and acquaintances.
Share any updates you may have about Oracle Layoffs 2020? Any news or rumors?
Having two CEOs was always an incredible waste of money. SC was just a glorified accountant, who I guess LE needed to give a CEO title to in order to keep her around. Guess she wasn’t good enough to handle finance and sales/ops. Yet so many teams... — read more
https://www.latimes.com/business/story/2019-11-14/dont-ask-larry-ellison-about-womens-pay-at-oracle "Public pay disclosures would be costly and time-consuming " "Instead, the board said its existing efforts to promote women in tech, and the... — read more
OCI days are numbered Full Article: https://www.businessinsider.com/ibm-oracle-amazon-forrester-report-2019-11 Dave Bartoletti, the vice president and principal analyst at Forrester, predicted that IBM and Oracle, both considered laggards in the... — read more
I've seen this analogy here many times. Some people describe things as too many chefs competing for the little bits that are left. Some people say there aren't enough chefs who can dream up anything new, Oracle mostly copies what competitors are... — read more
No major layoffs this last week. Total since 6/1/2016 remains 25,266. Keep looking folks and have a good Veterans Day!
HG-M not running. Has been selling steadily. Without him and MH, Oracle plans only 13 directors. Why does this matter? No new "independent" director, less governance to counter buybacks and stoodges. Your fates are... — read more
This is huge if real: https://twitter.com/cloud_opinion/status/1192919766698213376?s=20
Washington Post in an article about share buybacks and how executives profit from them, called out S.C. as the biggest seller of stock while the company was buying back stock and she was proclaiming oracle stock to be a great buy
In stock buybacks. Almost $100b in past 10 years. Could R&D with some of that money been productive to prevent future market loss and layoffs? We will never know. Keep looking. Apparently company performance lags market when insiders and CEOs sell... — read more
About 100!laid off this past week in North America, including Contract Management in San Antonio. That brings the total since 6/1/2016 to 25,266. Keep looking folks, keep looking, this is not going to get any better.
Not sure what is impacted, but some groups are eviscerated in Cloud.