I have started recording all conversations I have without telling anyone. I am older with health problems. Get a digital recorder with a good microphone, something that works to 40 feet and you can put it in your pocket and still capture the... read more
Comment! It's anonymous! Post information you know, rumors you heard, your experiences, or contribute to the discussion by answering or asking about layoffs at Oracle Corp.. The comment form is located near the bottom of the page.
Topics regarding layoffs at Oracle Corp.
Due to the re-organization, my team is to be merged under Oracle cloud infra and we have to eventually follow their own implementations if the OC.I head says so. So worst case, how does merging similar teams work? Target the higher management or... read more
Another legal maneuver by Oracle just a week before bids for the Pentagon’s $10 billion JEDI cloud contract are due. https://www.nextgov.com/cio-briefing/2018/10/oracle-continues-protest-push-against-jedi/151799/ For a third time, software giant... read more
Run away far as possible from this place.
With the last quarter's results out, we thought we would update this chart to see if Oracle's cloud services had slowed further, or made a turnaround. The problem is, we can't. Oracle has decided to fold its cloud services revenue in with its legacy... read more
That Monkey RG.. informed that one of the main results from the recent employee survey is-- that emplyees trust their immediate managers ..!#@! lies and bigger lies..continue...
Confirmed. Various GBU units affected on the support side, so I'm sure it's not just the Springs that got hit today. The ones I've personally seen leave are the highly experienced, middle age, white men if that is an indicator of what is to come or... read more
from what i see, managers who lose the most important asset of the company aka top employees get promotions. am I nuts or others noticed it too? if it's really happening it's about age, fresh blood, lower the costs or simply ignorance of the top... read more
https://www.yahoo.com/finance/m/ac8232aa-0ccc-3bd7-a743-46c01aaba10e/how-oracle%26apos%3Bs-median.html =============================== Oracle Corp.'s two CEOs each received pay packages of more than $108 million — or 1,205 times what the typical... read more
Confirmed with multiple ex-Oracle people at Infor that HD will be joining Infor to revamp and head up it's consulting organization and partner enablement. He has proposed an OEA-type program that CF has bought off on. Expect to see something before... read more
So this post is long overdue, but the final nail has been driven into the Oracle coffin. Oracle is nothing more than a collection of legacy technology acquisitions, the latest acquisitions aren't really integrated or extended, because there is... read more
http://www.businessinsider.fr/us/oracle-management-wall-street-analysts-2018-9 Oracle grew only 1% last quarter, and Wall Street is starting to question whether management is up to the job Driving management churn, TK?
The Street validates the ORCL strategy based on current price. Next stop is $60/share!
looks like some 60 people got laid off from the Comms GBU, bringing the total since 6/1/2016 to 20,021. Expect more layoffs now that LE, MH, SC are not getting any stock awards due to failure to hit cloud targets and will be looking to generate more... read more
“We support the notion of increasing Oracle support for other clouds,” Brad Reback, an analyst at Stifel Nicolaus & Co., wrote in a note on Wednesday. “Given the lack of meaningful capex investments and limited traction to-date, we are not convinced... read more
Oracle rushed to the cloud chasing Amazon rather than making a measured move and continuing to focus on what we were great at. There are plenty of large financial, government, education, and Fortune 500 companies that need and want on-prem, and are... read more
How long until all the cloud devs, pms,and managers from amzn and msft get laid off? Oracle sure s---ed up a lot of people, and paid a lot for them- not clear what the heck they even need them for
Oracle operates like an intelligent criminal does. A criminal like that could choose to use their mind to do real work and could succeed in that way. But, the criminal looks instead, for ways to cheat the system, to screw people over for fun, to do... read more
Finally fessed up!!! =============== https://www.marketwatch.com/story/top-oracle-cloud-exec-thomas-kurian-leaving-company-2018-09-28?siteid=yhoof2&yptr=yahoo ==================
Ask anyone at Oracle what happened to their recently announced global data centre strategy and you are met with a lengthy silence. Something has happened and the plans seems to have stopped dead in their tracks with little clarity or direction. With... read more
Any of JF's old team still there?
Oracle has indeed noticed the use of FedEx delivery notices to tell when a layoff was going down the day before it actually happened. As a refresher for those new to the game... when Oracle creates a label for a FedEx shipment and you are the... read more
Yep, Oracle wants to be part of the FANG stocks and coat-tail the "O" for FANGO. This is not a joke, they are actually serious about this. More to come in Open World. I think they should've used all those energy coming up with "FANGO" in trying to... read more
~60 people across multiple product lines were let go today in NC, MA and even India. Clearly, this people paid with their jobs for the mistake that is Oracle cloud
https://finance.yahoo.com/news/amazon-extends-tie-salesforce-gains-135801244.html ====='..Amazon Extends Tie up With Salesforce,..'======= Salesforce has signed agreements with the top 2 Cloud providers ( Amazon,Azure).. as most know, Marc Benioff... read more
https://seekingalpha.com/news/3392742-wsj-verizon-launches-buyouts-trim-workforce ====================================== --Verizon (VZ -0.3%) has launched an early-retirement program as a move to cut back on its workforce, The Wall Street Journal... read more
Announced today, S&P lowers Oracle's outlook to NEGATIVE from Stable because of aggressive BUYBACKS, minimal top line growth and a net cash position that was $14 Billion 12 months ago, but now down to only $2 Billion. LE, MH, SC, CW, DD, TK and The... read more
In the 12+ months I've been reading posts (since my own lay-off from this ignominious company), there have been some very deep and insightful comments and analyses regarding the technologies and the business. But as we know, in the Oracle workplace... read more
Heard the all hands by CB and then the Ad S our VP in his, I am so happy I am leaving Oracle, this division is very clearly about to shut down. They even got a finance guy to talk about comp, the guy sounded more like a sales guy than a finance guy... read more
Ma major layoffs reported this past week, always some singles and doubles though. Total since 6/1/2016 creeps up to 19,961 - keeping the one for the sale of symbolism. Keep looking!
I was laid off last Jan 8th along with hundreds of others that were > 40yrs old ! yes, the severance packet we received that we had to sign saying we wouldn't sue Oracle listed the ages of ALL employess laid off ! The true irony in all this was that... read more
Ouch! Oracle is so far behind on cloud that investors are better off betting on IBM’s resurgence than Oracle cloud growth. Talk about calling BS on oracle cloud and the 3 stooges. Well done!
Stock being propped up by buybacks? What percentage of shares need to be held outside the company for the stock to be considered a Publicly Traded Company? Where are we currently at?
POST GAME: Edited Transcript of ORCL earnings conference call https://finance.yahoo.com/news/edited-transcript-orcl-earnings-conference-033416284.html
Yesterday, MH was interviewed on CNBC, titled "Oracle CEO: Focused on both top and bottom lines." Among other BS misleading comments, MH was asked what is "the pace of movement to the cloud" referring to Oracle's ERP cloud product. Shocker, the Turd... read more