Sr level management sent a memo out this week highlighting 7% CPI inflation. The main ask was for OCI Sales reps to leverage this and turn monthly customers into annual, saying prices will go up. Meanwhile no concern for anyone’s base/ote which haven’t been adjusted for inflation in years. Really wanted to believe in this product and company but finally seeing the light of what others have echoed for years
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Well, we knew that the bonus plan was basically nonexistent for the rank and file. A rumor. A joke. A myth. Now we know for certain.
The people at the director and VP level are doing fine. I don't think ICs know how the bonus system works at Oracle. VPs are given a chunk of money for bonuses and raises and can do whatever they want with it. Honest to god. They can keep it all for themselves, or let it trickle down. So a VP takes what he/she wants, and then distributes the remainder to all the directors. The directors have the same freedom to distribute (or not distribute) those funds. They take what they want. And the rest trickles down to sr. managers. The sr. managers take what they want. And the rest (if there is any) goes down to managers. I've heard by the time the remaining funds get to the managers there's nothing left.
That explains how and why VPs and directors are able to by second homes/vacation homes in exotic places, own yachts, drive luxury cars, etc., and retire at 45 or 50, while ICs are living on ramen noodles.
The longer you stay, the more of you Oracle will consume.
The mgmt. and sales here are equivalent to that juice you see pouring out of trash trucks. They are epitome of the stuff you find in a port-o-potty. HR same level.
Here's how you get a raise AND bonus at Oracle.
You hire a private detective to find out where you manager goes when he leaves the office early all the time. Videos or photos are best to get.
Then you present that to your manager and let him know you want a raise/bonus immediately. You will get it.
Never underestimate the sc-m you are working for. The rats will do anything to cover their own as--s.
More? You want more?
No one gets a raise!
Back in the 80's and 90's they could get away with it because they were the only serious game in town. They treated customers little more as pink piggy banks, just waiting to be cracked open and companies just gritted their teeth and took it. The margins increased and the quality, training and support flatlined and even degraded. 25 years later they are no longer the only game in town and those customers Oracle fleeced and treated so poorly have not forgotten. The way I see it there are two kinds of customers at Oracle. Those who have left never to return and those who are planning to leave, never to return.
I will never forget the run around I received between sales and support trying to install Oracle onto an AIX system. 5 days before I got a resolution and came from IBM. That was in 1991. That's just one, how many others are there can tell the same story?