At the end of May around 20-30% of Sales / Business Dev. in Bucharest & Prague got laid off by Oracle. They would kick out way more, but due to EU regulations they couldn't do it in this Q without triggering the alerts, so probably at the end of June or in Q2 the next wave will come.
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"Market crash"? Not over three years. Do you seriously not know how to read a stock chart? Here's a little help for you:
MSFT 6/18/17: $71.21
MSFT yesterday: $188.17
AMZN 6/18/17: $1,003.74
AMZN yesterday: $2,536.76
CRM 6/18/17: $88.62
CRM yesterday: $174.87
ADBE 6/18/17: $145.41
ADBE yesterday: $407.00
ORCL 6/18/17: $50.95
ORCL yesterday: $51.86
Woo! Way to capitalize on the massive growth opportunity in the cloud, ORCL! Great return for $75+ billion in stock buybacks! Value creating disruption! Flawless execution on a genius OCI strategy!
Lower than it was three years ago, despite the largest run-up in equities in history over that time.
Surely, you haven't forgotten about the current market crash, have you? All stocks are down from their highs.
Stock price, bro.
$51.86 today. Lower than it was three years ago, despite the largest run-up in equities in history over that time.
Despite SC spending over $75 billion of company cash on stock buybacks to pump the stock price.
Does that sound like a growth company to you?
When you're laid off and ORCL is BK, think of all the salaries that cash could have paid for.
Agree Oracle is a dying company. If you have any clue what you are doing, you should have moved on already.
What are you doing at Oracle? Is it just too much fun for you to play dirty tricks on the people around you? Do you really love s—ing up to your id–t manager? Do you really believe you can't get a job anywhere else? What's the reason?
Think long and hard about why you are there. Do you really want to deal with all the c-ap just to continue working in a dump?
Really, people. Get your sh– together and get out.
No one wants to buy their products anymore.
Sure, that's why their sales and profits are steady, year after year after year.
Oracle is a dying company. If you work there and aren't looking, WHY?
No one wants to buy their products anymore. My last 4 jobs made moving off Oracle products a priority.
Larry's arrogance and hubris caused him to miss the cloud boat HUGE, while he was off goofing off on his boats. Now he's desperately trying to play catch-up with a company that has seen a mass exodus of talent over the last 10 years.... leaving only dead weight and 9-to5er types.
You'd have to be one really obtuse human being to either a) work at oracle or b) own their stock.
Layoffs at this company are a yearly thing. As employee their years back, I saw them do a 10% riff in PDIT/GIT weeks after announcing a record quarter in cloud growth.
I've been in this industry for 24 years now and one thing I'm sure of, Oracle won't be here tomorrow. No CEO, no change in strategy, no miraculous change in corporate culture will change this at this point.
RIP Sun. RIP Oracle. And soon, RIP IBM.
Open source and software-defined storage is here and it's not going anywhere.
BYE FELICIA
Don't rush. Wait till earnings date.
This is just the beginning of June storm
I’m surprised the corrupt clowns in the Redwood mothership realized ORCL even has offices in Prague and Bucharest. Shutting them down will fund a few more weeks of stock buybacks and new rigging for Big Orange L’s catamaran.