Thread regarding Oracle Corp. layoffs

Update from The Ax-Man

The Ax-Man here, updating you folks with latest information.

Next week (week of Jan 27) there will be major and numerous high-level meetings happening at Oracle HQ in Redwood Shores.

Execs from all several major business units and top corporate leadership are meeting to plan out further rationalization of the workforce, map out businesses and product lines to cut, and identify pockets of employees who will be targeted for large layoffs starting in March.

Last Friday’s lay-off of sales people was the largest sales-related mass lay-off in company history. The numbers that have been reported here and elsewhere are far below the actual numbers.

The eventual goal is to get the company headcount below 100,000 employees — this will be a reduction of 30,000-40,000 employees over the next two years.

Much of it will be done as stealthily as possible, and company leadership is banking on as much of 30% of this reduction being by attrition.

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Post ID: @OP+13aRvFD1

12 replies (most recent on top)

These reviews and insight are true true true! Google just picked up a 10 million dollar order that oracle didn’t even compete against and the oracle rep had zero idea that he wasn’t even in the game and just like that google pick up the business. This was an oracle install account or so they thought lol.

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Post ID: @1vlb+13aRvFD1

@1opj+13aRvFD1
You are spot on. In fact, given their enterprise presence, they don’t even have to invent, just copy others success and sell it as bundle. They tried doing that with cloud but the AWS rejects screwed up big time.

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Post ID: @1dad+13aRvFD1

I can verify there are meetings with many Execs at HQ this coming week.

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Post ID: @1csx+13aRvFD1

Oracle spent $36 billion last year buying back its own stock. Imagine if Oracle would take that sum, just for one year, and spend it over the next 5-10 years on building new innovative products.

Pick the ten most promising ideas, hire the smartest people and fund the projects fully. Think big, a neural database? A new programming paradigm? A cloud operating system? Brain emulations.

The goal should not be to build a product to make the most money from in two years, it will almost certainly fail, but to get the most widespread use in 5-10 years. If enough companies, users or developers, are using the product, you can always monetize it somehow. Amazon didn't build their cloud infrastructure to make money in two years. Neither did Google search or Facebook.

Bean counters will never understand this.

They keep cutting and cutting, but it will never lead to long term growth. Oracle success stems from the idea that a relational database can be really fast. By being first and getting early adoption, the company could dominate the industry. That idea still brings in money, forty years later...

Now, imagine funding ten such new ideas.

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Post ID: @1opj+13aRvFD1
Probably a Google or AWS troll spreading FUD.

More likely a disgruntled ex O employee who can't just move on.

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Post ID: @ibx+13aRvFD1

Selling off lines of business might make more sense. The buyer ends up doing the layoffs and it generates cash for stock buybacks.

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Post ID: @ggu+13aRvFD1

AWS and Google people aren't spending their energy or time thinking about Oracle.

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Post ID: @wau+13aRvFD1

This so-called “Ax-Man” doesn’t have a clue about what he/she is taking about.

Probably a Google or AWS troll spreading FUD.

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Post ID: @vql+13aRvFD1

Maybe some sell offs. SC has her work cut out for her. She is going to take the company far beyond MH's small meaningless cuts. I think she intends to "right-size" the company.

It kind of makes sense that the movement of support to development could indicate some kind of packaging of business units. It will take time to figure all of that out, but I suspect she is going to make a real list and really make some intense changes in the company.

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Post ID: @euv+13aRvFD1
  • product lines to cut ...

Cut or sell off? I see the move of support groups into development a step to make it easier to segment and sell off product areas that aren't producing expected revenues.

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Post ID: @ezl+13aRvFD1

Thank you for the information, keep the posts coming.

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Post ID: @jmb+13aRvFD1

May OCI’s ox be gore as they so richly deserve. Billions spent, little to nothing delivered, customers nowhere, huge net drain on company finances.

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Post ID: @vbr+13aRvFD1

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