Thread regarding Oracle Corp. layoffs

Oracle never put the money into cloud

See this article: https://www.cnbc.com/2021/03/12/oracle-lag-behind-cloud-leaders-in-capital-expenditures.html

“They’re $100 billion behind,” said Charles Fitzgerald, a former Microsoft general manager who has written about capital expenditures on his blog Platformonomics. “Adding $1 billion in incremental capex – that’s 1% of the gap they have to fill.” Amazon, Google and Microsoft together had more than $90 billion in capital expenditures in 2020.
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Post ID: @OP+19R0wkL3

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Training has been designated as certification, which is usually studied for in off hours.

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Post ID: @1vah+19R0wkL3

Of course. If they were serious, $ would have been invested in people (not just to lure others to oci), training would have been developed and offered to all. One of the extraneous CEOs would have been jettisoned. Just a few of the 1000s of actions that would have contributed to success and getting the entire company to pull in one direction.

No, instead a ceo with a titanic ego decided to cheap it out.

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Post ID: @1how+19R0wkL3

Another good quote:

Then there are the laggards. IBM and Oracle don’t disclose revenue from their public clouds, but they do disclose total capital expenditures. That gives a sense of the scope of investment the companies are making up front to deliver these fast-growing services.
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Post ID: @xyh+19R0wkL3

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