Thread regarding Oracle Corp. layoffs

Oracle stock underperforms - Layoffs coming to bolster stock price

Founder and chairman Larry Ellison says billions will be spent to lure AI companies to Oracle’s cloud, but is it too little too late?

Oracle is reportedly spending billions of dollars on Nvidia chips as well as AMD silicon and Ampere CPUs in a move that’s intended to make the company’s cloud service more attractive to a new wave of artificial intelligence (AI) companies.

The move appears to show the company taking its first serious steps towards pursuing a footing in the burgeoning generative AI market, one that’s really only taken flight over the past 12 months.

But it will doubtless be looking to avoid the same approach it took with cloud computing, where it arrived on the scene too late, only to find itself unable to claw back any meaningful market share from what we now consider the ‘big three’ hyperscalers: Microsoft Azure, AWS, and Google Cloud.

Oracle joined the cloud computing world only six years ago, considerably later than the ‘big three’. Recent studies put the company some way behind in terms of usage compared to its rivals.

Oracle has 1.6% of the total cloud market share when compared to the big players (AWS, GCP, Azure) but has 7 to 8% when compared to other "cloud wannabes" IBM, DXC etc... if you look only at Infrastructure.

https://6sense.com/tech/infrastructure-as-a-service/oracle-cloud-infrastructure-market-share

https://www.itpro.com/technology/artificial-intelligence/oracle-missed-the-cloud-boat-is-it-doing-the-same-with-ai

Shares of Oracle Corp. ORCL, -0.63% sank 0.88% to $110.97 Monday, on what proved to be an all-around grim trading session. Oracle Corp. closed $16.57 short of its 52-week high ($127.54), which the company reached on June 15th.

Trading volume (6.3 M) remained 3.7 million below its 50-day average volume of 10.0 M

https://www.marketwatch.com/data-news/oracle-corp-stock-underperforms-monday-when-compared-to-competitors-021b821e-e13c2e74ec34

The real question is how can Oracle be succesful in AI when it lacks the hard assets like real data centers (not just renting at Equinix) and NVIDIA horse power? The answer is it wont and the Stock will continue to take a beating. The only solution: do what Oracle has done since 2012... Aquire dying companies, conduct layoffs and cut to the bone.

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| 2295 views | | 8 replies (last March 5)
Post ID: @OP+1rihXgdo

8 replies (most recent on top)

LE's Project Ronin started in 2018 and was built on OCI to bring AI to cancer diagnostics and treatment.
It's closing laying off 150 employees due to lack of funds. Only got one big customer MD Anderson Cancer Center. Wonder what they will do now their vendor is kaput?
Waiting to see if the IP gets rolled into the new Ellison Institute in Oxford or what. Thanks 150 people.

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Post ID: @6inr+1rihXgdo
Seems like Oracle has been in cloud longer than 6 years.

What do you mean? Oracle invented cloud computing. It's just a networked computer.

Gotta watch this:
https://www.youtube.com/watch?v=UOEFXaWHppE

LE: "It's not water vapor," he says, "it is a computer attached to a network."

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Post ID: @1rql+1rihXgdo

Seems like Oracle has been in cloud longer than 6 years.

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Post ID: @1snc+1rihXgdo

Seems Accurate... layoffs began in earnest post 2012 when MH came on board.

https://en.wikipedia.org/wiki/List_of_acquisitions_by_Oracle

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Post ID: @hdv+1rihXgdo

Pretty standard, it's dirty pool at this point for Big Red. Employees should not be a commodity you can toss around.

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Post ID: @gcl+1rihXgdo

How did AWS survive with all those rented datacentres I wonder.

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Post ID: @xog+1rihXgdo

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