John Thomson, Pay-it founder in KC will take Cerner's business, gradually without the billions of debt. His businees model is incredible.
He values employees. Accountability, internal accounting controls work well in his companies. Corrupt business tactics does not exists as it does in Oracle.
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Not doing very well with that $6B a year. You spend that much you should be the innovator. Even Oracle Applications look dated and now they are slapping an interface over it but the functionality between the apps or should I say integration is not there for most. Retrieving data has no common pattern. They tout the backend DB being shared but really you might as well go with best of breed and just integrate it yourself because most of the leaders have APIs that make it simple. All the years of owning those applications they could have really enhanced them. Like running circa 2000 applications. I believe they acquired Cerner because they knew the current path was going to end. I think it remains to be seen how it all works out. If Cerner doesn't work and with the money they spent, I see trouble ahead. I know how Oracle works and those recent cloud deals were likely hand shakes of business exchanges. At least put some workload on our cloud and we will do this.
R&D prob needed for AI
Oracle R&D sounds more a slush fund fees associated with acquisitions -- certainly not products. Products are outdated and NetSuite good luck -- customers are sueing; components purchased are not available and zero customer service.
The persons they have talked to have been rude and promises to get back with them and theyu don't.
Is netsuite also rescinding offers. I am joining in July.
Oracle spends $6B in R&D annually. Legal isn't anywhere close.
Oracle is currently on a fairly frozen hiring freeze. Who the heck is making offers right now? No departments I know
Possibly offer made last year before the freeze was hardened
Hiring freezes - yet mid mgt skims budgets for bonuses, travel and entertainment personal expenses runs everything they can -- through the company. Fraudulent documentation will easy for forensics.
Not koshur. Authorities need to get involved.
Oracle is currently on a fairly frozen hiring freeze. Who the heck is making offers right now? No departments I know.
Bottom line is that any company can rescind an offer up to the day before your start date. Once you hit your start date then you're on the 90-day probation, during which time you can get canned for any reason. None of this is iunique to Oracle at all.
But that said, if rescinding offers is happening en masse then it's a very bad sign for what will happen on June 1, which is the annual Oracle "RIF festival".
which teams are rescinding offers? Isn't there a soft hiring freeze in place. So no hiring except in, well, exceptional circumstances.
Legal is needed because of no development. NetSuite customer is suing Oracle because they purchased components advertised they do not exist. Why does Oracle do that?
Ethics/honesty issues.
Rescinding offers happens everywhere.
What people shouldn’t do is quit their jobs or give notice before their background check has passed AND start date is confirmed.
An offer doesn’t guarantee you anything
Sadly, rescinding offers has become a SOP in the industry. Oracle is not alone in its use of this gambit.
Nothing new here. When Oracle acquired our company one of our new bosses pointed out that Oracle spends more on legal than development. During my time at Oracle there were numerous occasions where offers were rescinded especially this time of year during the annual push to save money before the fiscal year end. Most of those with rescinded offers had already quit their old job and some were in the process of moving. Oracle's legal teams makes sure their offers can be rescinded without any liability.