Thread regarding Oracle Corp. layoffs

https://www.industryweek.com/technology-and-iiot/article/22024758/oracle-shares-drop-after-cloud-sales-fall-short-for-some

Oracle is losing its grip over it own structure. It does not make sense of placing Digital Sales/ Client representative far away in distance (by conuntry) from their customer and increasing the cost of resources where they can hire and place the people at the same location with the customer.

Oracle has a problem with strategy, they import a group of people from Vietnam to based Singapore as client representative or sales who handle the account of Vietnam markets. The client representative or sales are distance away and Oracle is paying 3-5x of the salary which they can hire in Vietnam to manage the local market. Oracle structure is in a mess, they are not trying any cost saving but they do not know what they are doing. Middle management is just beautify the report which does not make sense. Oracle is not just losing in product competitiveness but they are losing control over their internal structure. The public money was being used inappropriately for cutting off people who are fit in a structure to be productive as compare to a structure that make no sense in productivity or revenue to the company. Oracle Singapore pay is much more than the pay of similar position they get in Europe.

Customers are jumping off Oracle now! COVID or not. The Oracle DB is great it works, it protects your data, it can be configured to disaster recovery if you can afford to replicate your data center and afford a high speed network interconnect between disjoint datacenter. But the same effect can be achieved with AWS Redis and with Microsoft Azure. Oracle is no longer unique, strike one. Oracle is the most expensive, strike two. Oracle doesn't scale, strike three. This eliminates green field (new sales). So Oracle is left trying to resell to existing customers. That is easy and hard. Easy if the customer is happy and hasn't jumped onto the "cloud" experience.

Can't wait to see how many customers jump off Oracle once COVID is behind us...

Well said. Oracle has actually made themselves irrelevant...

EBS is a nasty cluster-fck, and true it will take years for customers to migrate away from. But the DB, many are looking at 6-12 month projects to jump away from Oracle licensing costs.
Support costs are unreal and worthless. Pre-releasing buggy software for years so "required patches" to make code functional is a sin. And id–t useless CTOs think this is ok and normal. The CFOs need to wake up!!!

There are still COBOL contractors, but I wouldn't recommend to anyone to go out and learn COBOL.

If you are not within a few years of retirement, you will have to go elsewhere. If you are in your forties or fifties and you think you are comfortable at Oracle and you will just stay there until you retire, you seriously need to rethink your career plan.

Not to mention, that rather than laying off the younger people for lack of experience, Oracle is laying off its older workers in favor of cheaper labor.

Then, think again about how long the DB cash cow will last. Oracle sales and marketing has been using some drastic measures, auditing customers, etc. There will not be a long slow decline in the use of an overpriced DB from a corrupt and dishonest company like Oracle. Companies are putting money into getting rid of the Oracle DB. Contractors are specializing in how to get rid of Oracle from IT shops.

To work at a company where the customers are actively putting money into getting rid of your products, is not a secure way to plan your career. Oracle's demise will be faster than the usual long slow decline of older tech like COBOL.

NetSuite ads hide the Oracle label in small text. Knowing the NetSuite is a Oracle product is a not a plus for Oracle sales.

There have been long slow declines of technology in the past, but this is NOT that case. Oracle customers want to get off of Oracle products and are putting money and effort into doing just that.

Oracle is not a safe place to build a career at this point. Oracle is not just irrelevant, it's a dangerous vendor with corrupt sales policies.

Get your resume together and move on with your life.

I know everyone is supposed to be as negative as possible on here and I'm sure over the next 5-10 years the RDBMS will lose market share but it's still going to be a cash cow. Then add in Fusion, EBS and NetSuite and the money will keep coming in for a long time to come.

Now, that doesn't mean Oracle is a wonderful company to work for but the idea its going to vanish in the near future is silly.