Thread regarding Oracle Corp. layoffs

DJ has run Oracle into the ground. No names, just initials.

Billions and probably tens of billions squandered already on a late arriving, over budget, weak also-ran cloud infrastructure — buggy and on leased data centers not even owned by Oracle. Customer enthusiasm is too low to measure. Zero management accountability. Meanwhile tens of thousand of layoffs on the horizon.

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Post ID: @OP+13acKRLV

8 replies (most recent on top)

Another Seattle poster who is partaking of that state’s finest leafy green material......

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Post ID: @2eea+13acKRLV

DJ and CM are probably the best leaders so far in Oracle history

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Post ID: @2ydz+13acKRLV

How is DJ responsible for this? You have to always take risks

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Post ID: @2jaf+13acKRLV

$10B in profit doesn't matter when you are spending $40B/year on stock buybacks.

This year buybacks are less, seem to be running about $5B/quarter, still that $20B in buybacks, so Oracle is still underwater.

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Post ID: @1fqf+13acKRLV

@tgt+13acKRLV, since when does "a lot of money" equal "enough money"?

These days, "enough money" is the equivalent of "more more more MORE". $10B? We want $20B. Why stop there? Or in O-speak, "what expenses can we cut to raise the profits"?

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Post ID: @1fgj+13acKRLV

How is a company with $40B in sales and $10B profit "run into the ground"? Regardless of its cloud business, Oracle still makes a lot of money.

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Post ID: @tgt+13acKRLV

Death spiral continues. Get out if you can.

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Post ID: @ufo+13acKRLV

Oracle cloud is a total joke

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Post ID: @wub+13acKRLV

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