Downsizing very negatively impacts company culture and engagement levels. It will be very difficult to rebuild remaining employees' trust after these cuts. I don't think Oracle will recover quickly after all this.
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Post from TheLayoff.com
:D
Merge with who? Another laggard? Nobody wants Oracle.
Exactly. Oracle is a POS.
Each one had a particular type of tunnel vision.
Those were exciting days, And the visionaries, despite their foibles missteps were pioneers and deserve to be remembered for both good and mistakes they made. We can learn from both.
Microsoft want our database. They could discard the rest. Dumping stuff now only makes it easier.
Merge with who? Another laggard? Nobody wants Oracle. IBM relies on its mainframe as a cash cow and DB2 still. Oracle relies on its database and to a lesser degree SaaS. Both are getting serious competition in the market. Cloud is really dead. There is nothing organically that will allow real growth and innovation. Customers already hate Oracle. Why would anyone take on all that?
White flag, or the next step down the road to a merger?
If recover means they will stay in business? Then yes. If recover means they really will do any organic growth, IMO no. As some mentioned, they will acquire companies. There will be no guarantee of the success of the acquisition. Already with the Cerner acquisition, if it is true they are getting hit with layoffs, there are a lot of people with deep knowledge leaving. As for OCI thinking they are "kings and queens" as someone mentioned in a post, they don't have a clue. Sooner or later that area will get shredded. The only survivors will be a few that will keep it just good enough to run databases and applications and partner. You cannot win cloud starting with the market share Oracle has. Especially in IaaS and PaaS - and when customers already made strategic decisions and it wasn't Oracle. The MS partnership was Oracle throwing the white flag. People have to be pretty clueless not to see it.
Totally agree with the DEC-Olsen comparison. You young uns don’t remember that golden age, where the visionaries were Ken Olsen and An Wang. They were the tech gods of their time. Now you have to Google them.
Each one had a particular type of tunnel vision. Olsen didn’t “get” the personal computer revolution. Wang insisted upon elevating his B School grad son to CEO, instead of his engineer daughter. Of course there was much more involved in each downfall, but it was in part the stubborn hubris of each man that contributed.
Hubris is still rampant in tech. That will never change.
Oracle will not die as long as LE is alive. After that, all bets are off.
DEC and Ken Olsen all over again. While he didn't die, he stepped down and the slide accelerated like a saturn v rocket was pushing it soon after.
Good analysis
The cuts were largely in product/service area of Oracle. The product portfolio is much larger. Anyone who asks a question like this has a very narrow view
“ Oracle is thriving and will continue to do so for decades. “
Market share ..
AWS 34%, Azure 21%, Alibaba 5%, IBM 4%, Salesforce 3%, Tencent 3%, Oracle 2% *
You have an interesting meaning for the word ‘thriving’.
- Synergy Research Group
Years and years of expansion are very often followed by reductions in leaner times. What do you mean survive? Oracle is thriving and will continue to do so for decades.
Trust used to be the gold standard, the golden currency of the day.
Welcome to bitcoin.
Oracle will not die as long as LE is alive. After that, all bets are off. History buffs will remember what happened after the death of Alexander the Great. How the magnificent empire was broken up by lesser generals. You can already see that division happening with Oracle! OCI already thinks of itself as a kingdom.
Heck yes they will survive. They're an acquisition machine. Buy companies, milk the support stream, eliminate R&D in the product. Rinse and repeat. Really like Computer Associates, IMHO
I don’t thin trust existed even before the RIF.